UK's Nscale to supply Microsoft with 200,000 Nvidia AI chips

Core Insights - Nscale will deploy approximately 200,000 Nvidia AI chips under an expanded agreement with Microsoft across its data centers in Europe and the U.S. [1] - The agreement could potentially generate up to $14 billion in revenue for Nscale, based on a comparable contract [1]. - Nscale's joint venture with Aker will supply Microsoft with around 52,000 Nvidia GPUs from its hyperscale AI campus in Narvik, Norway [2]. - AI-related infrastructure spending is projected to exceed $2.8 trillion through 2029, driven by investments from hyperscalers like Microsoft, Meta, and Alphabet [2]. - Nscale plans to begin supplying Nvidia GPUs to Microsoft via its data centers in Texas and Portugal starting next year [3]. - The company raised $1.1 billion from investors, including Aker and Nokia, to accelerate its data center expansion [3].