British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board
Nscale, a UK company vital to the government’s AI ambitions, has raised $2bn (£1,5bn) in a funding round and appointed the former Meta executives Sheryl Sandberg and Nick Clegg to its board of directors,It brings the valuation of the London-based startup, which is backed by the US tech company Nvidia, to $14,6bn, it said in a statement, and follows a $1,1bn funding round the company raised last September.
Clegg, the former UK deputy prime minister, “brings deep expertise at the intersection of technology, policy, and global affairs”, the company said, and is “at the centre of the most consequential regulatory and governance conversations shaping the future of AI”.Sandberg, the former chief operating officer of Meta, brings “unmatched experience in scaling the world’s most influential technology companies”, it said.Nscale is set to contribute to Stargate UK, a huge infrastructure partnership announced last year that will involve the participation of OpenAI and Nvidia.It is also set to build a supercomputer in Loughton, part of a government drive to “mainline AI” into the economy of the UK.That supercomputer is set to come online later this year, according to the government and Nscale.
“The success of UK-based Nscale shows how firms are seizing this opportunity to invest, expand and create jobs in this country,” the technologysecretary, Liz Kendall, said in a statement.“We have Europe’s leading AI ecosystem, and this news further underlines the growing international confidence in the UK as the natural home of AI innovation.”Nscale was spun out of the Australian bitcoin mining company Arkon energy in 2024.Its website touts datacentres across the US and Europe, including the UK, Portugal, Norway and Iceland.However, most of these do not appear to be datacentres Nscale itself has built; its flagship project in Norway, Glomfjord, was originally developed by the Norwegian company Hydrokraft.
Nscale’s UK investments are part of a global blitz of AI deal-making announced last year, as governments and mostly US tech firms appeared to commit massive sums of money to building out vast datacentre infrastructure and fundamentally remaking the global economy.The UK government last September said that US tech companies would commit £31bn to building the UK’s AI infrastructure.In the US, OpenAI said it would commit $500bn to building AI infrastructure as a part of the Stargate project, with the participation of Oracle and SoftBank.Nvidia announced a spate of AI deals, including sovereign agreements as well as a £500m investment in Nscale and a $100bn investment in OpenAI, which was to go mostly towards the purchase of its own chips.Cracks are appearing in some of the promises.
Nvidia’s $100bn deal with OpenAI melted away in early February.Oracle and OpenAI said last week that they were scrapping plans to extend a datacentre in Abilene, Texas, that is a vital part of OpenAI’s Stargate US project.
Verdict on the start of F1’s new era: five talking points from the Australian GP
The pre-season favourites had done their level best to play down their expected advantage in the buildup to the Australian Grand Prix, but it was impossible to hide. A dominant one-two by the best part of a second for George Russell and Kimi Antonelli in qualifying was followed by a similarly assured one-two finish in the race.Russell had to fight in the opening phases against Ferrari’s Charles Leclerc, but once he had been extricated from that battle and could return to what engineers consider the “optimal” lap according to the new diktats of power deployment and recharging he had as much as 0.3sec to 0.4 on Ferrari
Zac Lomax exits limbo via defection as latest NRL star lured by Wallabies jersey | Angus Fontaine
After a tough two decades, Australian rugby’s luck is suddenly on the up. The defection of NRL flyer Zac Lomax gives the Wallabies a powerful new weapon in the moonshot quest to win a home World Cup in 2027. The 26-year-old NSW State of Origin and Kangaroos star on Monday signed a two-year deal with Rugby Australia (RA) to join the Perth-based Western Force and could debut in Super Rugby Pacific later in March.“Zac is a superb athlete with a proven record at representative level in rugby league and we believe he has the talent and drive to make a successful transition to rugby,” RA chief executive Phil Waugh said on Monday, as he welcomed the 133-game international winger back to rugby union. “He brings a unique set of experiences and skills to our environment and is motivated by the challenge of competing on the global stage
Russia flag raised and national anthem played after first gold at Winter Paralympics
The Russian national anthem has been played at the Paralympics for the first time since 2014 as the skier Varvara Voronchikhina claimed gold in the women’s super-G standing.A tearful Voronchikhina received her medal on Monday afternoon, and the Russian flag was raised, after a dominant performance on the slopes of the Tofane Alpine Skiing Centre. A watching crowd of international fans responded only with polite applause, but Voronchikhina’s success has already been celebrated by Russia’s sports minister.Voronchikhina finished 1.96sec clear of the French racer Aurélie Richard in the giant slalom event
Sky Brown wins second skateboarding world title at rain-hit event in Brazil
Briton, 17, wins her second park crown in São PauloEvent was cut at halfway due to recurrent rainfallBritain’s Sky Brown celebrated International Women’s Day by becoming a skateboarding world champion for the second time at a rain-curtailed park competition in São Paulo.The two-time Olympic bronze medallist was leading in Brazil after two runs, the halfway point, at which World Skate deemed “adverse weather conditions and recurrent rainfall” to have called time on proceedings.World Skate had given a 7pm (11pm GMT) deadline for Sunday’s competition to recommence, stating that “if any weather-related interruption occurs, the activity will not resume”.Only one competitor, Cocona Hiraki of Japan, managed to start a third run, before more falling rain forced officials to end the competition.Brown’s score of 88
England handed tough Six Nations 2027 opener with Friday night trip to Dublin
England will begin their Six Nations campaign on a Friday for the first time in 12 years in 2027 after they were handed an opening night trip to Dublin to face Ireland by tournament organisers.Ireland will also host the final match of next year’s Super Saturday with organisers pitching Andy Farrell’s side against France in the 8.10pm kick-off. Ireland and France have won the last four editions of the Six Nations between them and both are in the hunt, along with Scotland, for the title this year with one round remaining.In 2015, England overcame Wales in Cardiff in a fraught Friday-night encounter that is memorable for a tunnel stand-off before kick-off when the captain Chris Robshaw refused to lead his team out on to the field until Wales were ready to avoid being left standing around
‘He had to shoulder tragedy alone’: how Larry Bird’s rise almost ended before it began
How otherworldly was Larry Bird during his memorable season for Indiana State in 1978-79? At one point he made an assist while sprawled on the floor: from his end of the court, he made a one-armed throw to a teammate, who streaked coast-to-coast for a quick bucket.That season ended with an epic showdown in the NCAA championship game against Magic Johnson and Michigan State. Magic got the better of Bird in that game, but the contest had wider repercussions. Not only did it spark interest in the NCAA Tournament, but Bird and Magic would help revitalize the NBA, after Bird joined the Boston Celtics and Magic the Los Angeles Lakers. But none of this was preordained, especially Bird’s trajectory
Starmer warns of bigger impact on economy the longer Iran war continues - as it happened
Lengthy US-Iran war would affect ‘lives and households of everybody’, says Starmer
Nigel Farage invests £215,000 in Kwasi Kwarteng’s bitcoin firm
Labour in ‘deep trouble’ with Black voters, Operation Black Vote chair warns
Former Tory minister Zac Goldsmith to launch new sports radio station
Alba party to wind up and not contest Scottish election