British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board
AI Summary
Nscale, a UK-based AI datacentre firm, has raised $2 billion in a new funding round, bringing its valuation to $14.6 billion. The company, backed by Nvidia, also appointed former Meta executives Sheryl Sandberg and Nick Clegg to its board of directors. Nscale is involved in the UK government's AI initiatives, including the Stargate UK partnership with OpenAI and Nvidia, and the construction of a supercomputer in Loughton, expected to be operational later this year. The company's investments are part of a larger global trend of AI infrastructure development, with governments and tech companies committing significant resources to datacentre construction. Nscale, spun out of Arkon energy in 2024, operates datacentres across the US and Europe.
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