Microsoft Pulls Out of Giant British AI Cloud Deal Just As Cloud Company Was Expecting to IPO
AI is looking less and less like a sure thing for investors.
Microsoft just left a smoldering crater in the world of British cloud computing by pulling out of a giant deal with the U.K.-based firm Nscale right before it was meant to IPO. According to reporting by the Telegraph, Nscale’s expected valuation foll... [1374 chars]
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Story file
- Section
- Business
- Topics
- Stock market, AI & gadgets
- First reported by
- Gizmodo
- Published
- Monday, 19 October 2026, 2:31 pm IST
- Coverage
- One outlet so far
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