London/San Francisco | Nscale’s ambitions for a $US35 billion ($50 billion) sharemarket listing face a fresh test after the UK’s most valuable AI start-up lost out on a potential new deal with Microsoft worth tens of billions of dollars.
The US software giant has rejected an option to more than double the size of its existing contract to rent computing power at a data centre site in Texas, according to three people familiar with the matter.
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