Microsoft abandons $3 billion AI data centre venture in Essex

Home / Microsoft abandons $3 billion AI data ce...

By Sarah Davis • 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 scrapped a deal with Nscale to build a $3 billion AI data centre in Loughton, Essex. This project was set to be the UK's largest AI facility. The decision comes after issues about the power supply for the site. This move could affect Nscale's plans for a $3 billion initial public offering. The cancellation highlights challenges with the power infrastructure for the project.

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