Microsoft abandons $3 billion AI data centre venture in Essex

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By Emma Johnson • Updated Oct 19, 2026 at 06:00

Microsoft quits Nscale UK data centre deal ahead of planned $3 billion IPO - investingLive — Microsoft abandons $3 billion AI data centre venture in Essex

Microsoft has announced the cancellation of a deal with Nscale to build a $3 billion AI data centre in Loughton, Essex. This project was planned as the UK's largest AI facility. The decision comes after issues about the power supply for the site. This move could impact Nscale's plans for a $3 billion initial public offering. The cancellation highlights problems with the power infrastructure for the project.

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