Microsoft has confirmed it has withdrawn from a deal with British start-up Nscale to lease computing capacity at a planned AI data centre in Loughton, northeast of London, a setback for the UK's AI ambitions. The company said the decision relates to a single site and that it remains committed to its partnership with Nscale. Nscale said it is still committed to the Loughton project and is exploring alternative power sources, after UK media reported the site would not have power until the 2030s due to grid connection delays. Ahead of a planned New York IPO targeting a valuation of up to $35 billion, Nscale said its committed revenue relies heavily on Microsoft and Anthropic. The article also notes that OpenAI earlier withdrew from a UK Stargate partnership, citing high energy costs and regulatory uncertainty.
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MSFT
▼ Likely negativeMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/16/2026 | 528.95 |
| Change that session | -1.94% |
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