British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board
TL;DR
London-based startup, which is vital to the government’s artificial intelligence ambitions, is now valued at $14.6bn UK’s multibillion AI drive is built on ‘phantom investments’ The Essex supercomputer that’s still a scaffolding yard Business live – latest updates Nscale, a UK company vital to the government’s AI ambitions, has raised $2bn (£1.5bn) in a funding round and appointed the former Meta executives Sheryl Sandberg and Nick Clegg to its board of directors. It brings the valuation of the London-based startup, which is backed by the US tech company Nvidia, to $14.6bn, it said in a statement, and follows a $1.1bn funding round the company raised last September. Continue reading...
Nauti's Take
Sandberg and Clegg on the board? The UK government's AI crown jewel just became a Silicon Valley reunion show.
A $14.6bn valuation for a datacentre firm is bold — especially when critics already call Britain's AI drive 'phantom investments'.
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