Healey’s grid pledge faces test as data centre pipeline stalls Tech John Healey’s Budget pledge to fast-track electricity connections for British data centres faces an immediate test, as new research shows only 13 per cent of planned capacity is under construction. The Chancellor announced a new Data Centre Covenant on Wednesday, offering strategically important projects priority access to Britain’s electricity grid in exchange for commitments on [...]
Microsoft boss warns of AI trust crisis as UK workers lag behind bosses Tech Microsoft chief executive Satya Nadella has warned that increasingly powerful AI systems are becoming less trustworthy, as new research exposes a widening confidence gap between UK bosses and their employees. Speaking at Microsoft’s Frontier Tour in London on Wednesday, Nadella urged businesses to embrace AI while retaining human oversight, warning that the technology’s growing capabilities [...]
Nscale eyes second $45bn deal with Anthropic after Microsoft setback Tech British AI infrastructure firm, Nscale, is in talks to secure a second $45bn (£33.5bn) computing deal with Anthropic, just a day after Microsoft pulled out of its flagship UK data centre project. The Nvidia-backed company is negotiating an agreement to supply the US AI giant with computing power from a second facility at its Monarch [...]
Microsoft pulls out of Nscale deal for UK’s largest AI data centre October 19, 2026 Microsoft has pulled out of plans to build the UK’s largest AI data centre in a deal with Nscale. The global tech giant, which had previously planned to fund a supercomputer at the site, has ended its involvement in the partnership following concerns over supply issues. Plans were first announced last year, with Nscale pledging [...]
Nscale vows stay in UK despite £35bn US stock market listing September 22, 2026 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 September 20, 2026 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 August 5, 2026 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 [...]