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Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’

A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details Revealed: UK’s multibillion AI drive is built on ‘phantom investments’The Essex ‘supercomputer’ that’s still a scaffolding yardA Guardian investigation has examined a series of massive AI investments announced by the government over the past two years, comparing

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British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board

London-based startup, which is vital to the government’s artificial intelligence ambitions, is now valued at $14.6bnBusiness live – latest updatesNscale, a UK company vital to the government’s AI ambitions, has raised $2bn (£1.5bn) in a funding round and appointed the former Meta executives Sheryl Sandberg and Nick Clegg to its board of directors.It brings the

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