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Microsoft canceled a deal for 23,000 AI chips with Nscale after construction setbacks at a planned data center in Essex, UK. The cancellation follows operational issues at other Nscale sites, including a Norway facility that is six months behind schedule due to cooling leaks and a fire, with only 6.4 MW of 30 MW currently operational. These delays have resulted in millions of dollars in penalties owed to ByteDance and Microsoft, and Nscale is pursuing an IPO targeting a $35 billion valuation.
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Key sources
- SOURCE@techmeme“Microsoft cancels its deal with Nscale to serve as the anchor tenant and rent 23K Nvidia AI chips at a planned data center facing repeated delays in Essex, UK”x.com
- SOURCE@oliviasolon“Nscale has a massive $103 billion data center pipeline but only has a tiny fraction online”x.com
- SUPPORT@techmeme“including a six-month delay in Norway and penalties owed to Microsoft and ByteDance”x.com
- SUPPORT@hedgiemarkets“Nvidia also put $1 billion into Nscale’s pre-IPO convertible notes”x.com
- SOURCEhuggingnewshuggingnews.com
- SOURCEtechmeme.com