Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’
TL;DR
A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details Revealed: UK’s multibillion AI drive is built on ‘phantom investments’ The Essex ‘supercomputer’ that’s still a scaffolding yard A Guardian investigation has examined a series of massive AI investments announced by the government over the past two years, comparing what was promised with what has so far been delivered. The investigation centres on two companies backed by the chipmaker Nvidia and central to the UK’s AI plans, Nscale and CoreWeave. Continue reading...
Nauti's Take
The UK government's AI investment story is looking more like a magic trick than a tech revolution. Phantom announcements, scaffolding yards instead of supercomputers, and a 350,000% profit smell – this is what happens when politicians chase AI headlines faster than reality can follow.
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