AI startup Nscale from UK is blowing away Nvidia CEO Jensen Huang

Two years ago, Nscale was a brand new attempt that had not yet increased any external financing or officially announced in the UK.

Last year, the London -based company was secretly released and in December announced A total of $ 155 million increased a donation collecting increase.

Now, Nscale finds itself at the center of the hottest market on the planet: artificial intelligence. And it has fresh capital of $ 700 million. NvidiaThe most valuable company in the world.

Nscale in the pressures made on Tuesday Nvidia– Microsoft And as Openai, as companies expand their savings in the UK in question Microsoft and Aker signed a five -year $ 6.2 billion agreement to develop a “hyper -scale AI infrastructure” in Norway, especially in Norway, where Aker is the center of Aker.

Openai announced the plans for a Data Center in Norway for a Stargate branded AI data center in Norway and made titles with NSCALE with NSCALE. Before 2027, NSCale agreed to commit a $ 1 billion for the project to put 100,000 NVIDIA graphic processing units (GPU) on shelves.

Openai is a rapid increase for a company that is not even when it starts the productive AI explosion with the launch of Chatgpt at the end of 2022. At that time, Nscale became a part of Arkon Energy, who was founded to provide infrastructure for crypto currency mining a year ago. NSCALE emerged to address the demand for data centers that can handle AI workloads.

Like Sunflower seedNSCALE, which has a market value of $ 58 billion this year, combines the data center area, power and many GPUs with its own software to provide end -to -end service for AI infrastructure.

Coreweave, which provides infrastructure to Microsoft, GoogleNvidia and Openai have roots in crypto. Founded in 2017, the company established the first NVIDIA GPU fleet for Ethereum Mining before returning to AI.

Nscale did not respond to the request for comments following the announcements of this week, but CEO Josh Payne, who previously founded Arkon, said that in late July, CNBC aims to two major problems in Europe. One is a lack of sufficient information processing capacity, the other is a “multi -part market”.

“What is the need for continental AI infrastructure projects distribution distribution [power]”He said, after his statement with Openai for Norwegian accumulation.” The ecosystem can consume from the project to build AI products, to increase productivity and economic benefit. “

Payne a LinkedIn Post On Wednesday, the agreement with Microsoft and Aker is “a big gain for the AI ​​infrastructure of Europe”.

Europe pushes the concept of “sovereign AI”, which requires the presence and processing of data centers and artificial intelligence workloads in European territory. Nscale has rapidly emerged as an important player in the UK’s offer to turn into a global leader in AI. In January, the UK organized a “action plan” that promises to reduce bureaucracy to help the domestic AI sector.

While Nscale addresses the European market, most of its first partners are large US AI sellers. They time for President Donald Trump to visit England on Tuesday.

On Wednesday, Trump visited Windsor Castle and met with King Charles, Queen Camilla and other members of the royal family. His trip comes at a controversial moment for British Prime Minister Keir Starmer, who is under pressure to stability to the country after Deputy Prime Minister Angela Rayner came out of a home tax scandal and a large cabinet change.

Microsoft turned to UK announcements and has invested a new $ 15.5 billion in computer equipment. The software giant said he plans to work with Nscale to build that England will be the biggest super computer in Loughton, a suburban town of British district Essex.

The site will start 23.040 NVIDIA Blackwell GPUs to be delivered in the first quarter of 2027. According to a statement from Nscale, it will produce 50 Megawatt AI capacity, which can be scaled up to 90 Megawatt.

“As long as Microsoft President Brad Smith said, no one can invest this kind of capital unless it is committed to spending money after the work is completed and this is the role we play.” In a statement on Tuesday, the addition of the agreement represents a great confidence vote for Nscale.

Openai, Nscale and Nvidia through partnership with Stargate’in British version will start, he said. Openai will use 8,000 GPUs in the first phase of the project at the beginning of next year and will expand the capacity to approximately 31,000 GPUs over time.

Stargate UK will operate on a series of sites in the country – one of the early ones is Cobalt Park, an industrial state in the northern city of Newcastle. Stargate initially appeared in the United States in January as part of the effort to force President Trump’s AI infrastructure.

NVIDIA’s announcement on Tuesday, Invest £ 11 billion ($ 15 billion) with NSCALE and Sunflower seed To increase the UK AI infrastructure.

Nvidia CEO Jensen Huang separately clarified On Wednesday, the chip producer made £ 500 million ($ 683 million) in NSCALE.

“We convinced ourselves that Nscale would be a national champion for AI infrastructure in England,” Huang said at a press conference in London. He said.

In the Futurum Group, AI application leader Nick Patience said to CNBC that NSCALE “NVIDIA’s forcing in the England market and the AI ​​infrastructure built by the government should do something with a long slog”.

After leaving Stealth in May last year, Nscale’s first public announcement two months later, the company partner The UAE will use 30,000 GPUs with AI’s open innovation AI. At the same time, nscale this acquisition Founded in 2018 and specialized in high -performance information processing data centers.

The next month, nscale is a agreement To provide “GPU (GPUAAS)” as a service with the Asian Telekom company Singtel and to serve customers in Europe and Southeast Asia. Initially, Nscale’s infrastructure was based on the GPUs. Advanced Micro Devices. Today, the beginning market leader Nvidia encourages various offers.

Nscale’s major financing, the company has collected $ 155 million in a round led by Sandon Capital Partners and collected $ 155 million with the participation of Kesrel0x1, Blue Sky Capital Managers and Florence Capital.

Sandon Founding Partner Rael Nurick said in a press release that “NSCALE with its uniquely vertical approach to NSCALE, AI has created the HYPERS -scale AI platform to give strength on a scale”.

Nscale said that the AI ​​Data Center had raised the pipeline from 300 megawatt to 1.3 Gigawatt the previous year and aims to have it. 350,000 GPU It works until the end of 2027.

Compared, Coreweave said that at a banking conference last week, his portfolio consisted of “about 2.2 Gigawatt capacity” online. The company said Public offering In March, 32 data centers were running 250,000 GPUs.

For a few years, Hurricane was for Payne, the founder of Nscale. While working as the President of Arkon, he is also Australia’s Battery Future Acquisition Corp. he says “Targeting critical battery minerals and relevant supply chains”.

There’s a lot of work in front of it.

Building artificial intelligence data centers with expensive GPUs is an intensive process that requires historically large amounts of debt. Coreweave has collected a total of $ 12.4 billion until the end of 2024 and as well as a stock financing over $ 1 billion before the public offering. In May, he announced a $ 2 billion debt proposal in July.

Nscale was trying to collect $ 1.8 billion in a special loan agreement by bankers at Goldman Sachs. Bloomberg.

In December, NSCALE’s Özkaynak donation collection, which was connected to Payne, called “one of the largest series raised in European history in the UK”. He said that the company will use the money to distribute the money in the data center in Norway to distribute 4,000 GPUs more and to develop 180 megawatt capacity in the company’s portfolio.

Payne said that the aim was to distribute 50,000 GPUs and 150,000 by the end of next year.

“The main challenges we see in the market are a significant increase in GPU level density,” he said. He said, “This financing allows us to scal it financially,” and “one of the biggest players in Europe”.

– Arjun Kharpal from CNBC contributed to this report.

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