"I'll go on record as to say I'm the best thing that's ever happened to him,"
"rapidly accelerate the build-out of secure, compliant and energy-efficient AI infrastructure"
"Europe needs a hyperscaler, and Nscale is rising to the challenge."
"By attracting global expertise and investment, it is building the essential infrastructure for the UK to compete internationally, drive growth, and create jobs."
Josh Payne's start-up Nscale, founded 18 months ago, secured more than £750m from investors including Nvidia, Nokia and Aker to build Britain’s largest AI data centre in Essex with Microsoft collaboration. The funding implies an approximate $3bn valuation and underpins plans to buy Nvidia AI chips and develop a global network of energy-efficient AI facilities. Nscale intends to convert former cryptocurrency-mining sites into data centres and to open 'Stargate' AI hubs with OpenAI starting in Newcastle. Additional backers include Fidelity, Blue Owl, Sandton Capital, G Squared, Point72, T.Capital and Dell.
Read at Business Matters
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