Microsoft Pulls Out of Giant British AI Cloud Deal Just As Cloud Company Was Expecting to IPO

Microsoft just left a smoldering crater in the world of British cloud computing by pulling out of a giant deal with the U.K.-based firm Nscale right before it was meant to IPO.

According to reporting by the Telegraph, Nscale’s expected valuation following its Wall Street debut was $35 billion. The Telegraph says a new facility at Loughton, Essex would have boasted Microsoft as its key client, renting the use of 23,000 Nvidia chips. The facility’s completion has apparently been plagued…