Nick Clegg and Sheryl Sandberg have joined the board of British artificial intelligence infrastructure start-up Nscale as the company completed a major fundraising round valuing the business at $14.6 billion.
The appointments come as Nscale secured $2 billion in fresh capital from a consortium of global investors, including the US semiconductor giant Nvidia, significantly boosting the firm’s ambitions to build large-scale data centre infrastructure for the rapidly expanding AI industry.
The move positions Nscale among the most valuable technology start-ups in Europe and reflects growing investor appetite for the infrastructure that underpins artificial intelligence development.
Founded in May 2024 by entrepreneur John Payne, Nscale focuses on building the large data centres needed to run advanced AI models and cloud computing services.
The company is betting that the explosive growth of AI will require vast new computing capacity over the coming decade.
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