Nvidia-backed cloud provider Nscale has struck a deal with Microsoft worth up to $14bn, in a boost to the UK-based start-up’s hopes of launching a successful initial public offering as soon as next year.
The companies announced on Wednesday that Nscale will deploy about 104,000 of the latest Nvidia GB300 chips for Microsoft at a facility in Texas over the next 12-18 months. Nscale will also deliver another 12,600 graphics processing units (GPUs) for Microsoft at the Start Campus data centre in Portugal.
The move builds on Nscale’s deals last month with both Microsoft and OpenAI to build artificial intelligence infrastructure in the UK and helps position the London-headquartered company for a stock market debut — if it can complete construction of the facilities on time.