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Microsoft withdraws from UK data center deal with Nscale

Investing.com +1 ·

MSFT Microsoft Corp
$529.05 -1.93%
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  1. 1Microsoft has backed out of a planned UK data center deal with Nscale.
  2. 2Microsoft and Anthropic account for approximately 85% of the Nscale contract.
  3. 3Nscale could potentially raise up to $3 billion through an IPO as early as October.

So what's the key point?

Microsoft canceled its commitment to build a UK data center with Nscale. This creates a significant setback for Nscale, which was aiming to raise $3 billion through this deal.

Source Investing.com +1 · View original ↗

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