"Nscale's investment in Portugal is a significant step in extending Europe's fastest AI infrastructure buildout, driven by private capital and GPU demand economics rather than government programs."
"The partnership with Microsoft at the Start Campus site, which has a total capacity of 1.2 gigawatts, is crucial for addressing the computing capacity shortages that have limited Azure's AI growth."
"Nscale's evolution from a cryptocurrency mining operation to a $14.6 billion neocloud company in just two years exemplifies the rapid changes in the tech landscape and the emergence of new players in the AI infrastructure space."
Nscale, valued at $14.6 billion, is investing €695 million in Portugal to provide 66,000 Nvidia Rubin GPUs to Microsoft's Start Campus. This investment includes €230 million for shared infrastructure and €465 million for a new 200-megawatt building. The partnership aims to address computing capacity shortages affecting Azure's AI growth. Nscale's rapid transformation from a crypto miner to a leading AI infrastructure company in just two years raises questions about the future of compute solutions in Europe, potentially shifting from traditional sources to innovative companies.
Read at TNW | Tq
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