CloudGizmodoabout 2 hours ago
Microsoft Exits Nscale AI Cloud Deal
1 min read
Microsoft pulls out of a giant deal with U.K.-based firm Nscale right before its planned IPO. The deal valued Nscale at $35 billion and included 23,000 Nvidia chips for a facility in Essex. Microsoft accounts for 40% of Nscale's current revenue. Global AI debt issuance dropped from $113 billion in June to $23 billion in September.
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