Nscale vows stay in UK despite £35bn US stock market listing Tech Nscale has vowed to keep Britain at the heart of its global expansion despite choosing New York over London for its blockbuster float, as the AI infrastructure firm looks to turn its UK base into an export hub for computing power. The Nvidia-backed firm believes jobs and expertise built in Britain can serve customers around [...]
London AI infrastructure firm Nscale files for $35bn US listing AI Nscale has filed for an initial public offering in the US, as it looks to tap into AI’s growing demand for infrastructure. The Nvidia backed AI cloud provider is targeting a valuation of up to $35bn. The group will also launch a retail offering for UK investors, allowing them to purchase shares via Retailbook. The [...]
Nscale doubles London office space as UK staff grows sixfold AI Nscale has doubled its London office space as the AI hyperscaler cements its presence in the capital, City AM can reveal. The tech startup, which develops data centres for AI firms and is reportedly eyeing a $25bn valuation in an upcoming IPO, has leased out an extra floor in the Mayfair building that houses its [...]
Ofgem data centre crackdown risks ‘driving AI investors away’ from UK July 29, 2026 Ofgem’s plans to crack down on speculative data centre projects have prompted warnings that new grid connection fees could make Britain a less attractive destination for AI investment, even as the industry backs efforts to clear stalled schemes from the queue. The regulator has launched a consultation on proposals to free up electricity grid capacity [...]
Grid delays force Starmer-backed AI data centre to seek alternative power July 13, 2026 One of the UK’s flagship AI infrastructure projects is being forced to source its own energy supplies after discovering it would not be granted grid connection in time for its eagerly anticipated opening. Nscale, the British AI unicorn backed by Nvidia, is now looking beyond conventional electricity connections for its flagship £2bn data centre in [...]
Nscale taps lenders for $900m to fuel AI data centre splurge July 7, 2026 British data centre builder Nscale has landed a $900m (£673m) credit line from some of Wall Street’s biggest banks to fuel its global expansion, even as investors increasingly scrutinise the sector’s breakneck spending. The London-headquartered company said the financing will support the construction of new AI data centres across Europe, the US and Asia-Pacific as [...]
Nscale and ElevenLabs power £41bn AI boom as Britain cements unicorn crown July 1, 2026 Britain’s AI sector has more than tripled in value in just a year, with fast-growing firms including Nscale and ElevenLabs now worth a combined £41bn as the UK strengthens its position as Europe’s leading startup hub. New research from the Hurun UK Unicorn Index shows the country’s nine AI unicorns have surged to a combined [...]
UK is of ‘marginal relevance’ – Nick Clegg dismisses sovereign AI push as ‘dishonest’ April 24, 2026 Nick Clegg has told City AM that the UK’s AI sovereignty debate is “slightly dishonest” due to our “marginal relevance” as a global tech player. The ex-president of global affairs at Meta also said that policy decisions taken in recent years have limited the role the UK can now play in the development of AI [...]
Why Westminster’s finest keep ending up on Big Tech’s payroll March 26, 2026 There is a sense of irony in that the employees Silicon Valley’s tech giants most want to hire, are actually the ones who spent years in the public sector trying to work out what to do about them. Nick Clegg, who served as deputy Prime Minister sat through more than one anxious Whitehall discussion about [...]
AI minister defends billions amid ‘phantom funding’ scrutiny March 10, 2026 Britain’s multi billion-pound push to build sovereign AI capacity will inevitably include projects that are still taking shape rather than fully deployed capital, the UK’s AI minister told City AM, as scrutiny intensifies over the government’s headline investment figures. Kanishka Narayan, who was appointed as AI and online safety minister last September, said the scale [...]