Microsoft cancels Nscale deal to rent 23K Nvidia AI chips in UK

Microsoft has pulled out of its deal to be anchor tenant at Nscale's planned Essex data center and rent 23,000 Nvidia AI chips. The repeatedly delayed project was seen as key to Nscale's multibillion-dollar listing.

• Microsoft was to rent 23,000 Nvidia chips at the Essex site
• Nscale's UK data center faced repeated delays
• The deal underpinned Nscale's multibillion-dollar listing plans