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00:02Microsoft has withdrawn from a data center agreement with British cloud provider Nscale,
00:07according to Reuters. The project in Loughton, Essex, reportedly faced repeated delays after
00:13power grid officials warned that electricity might not be available until the 2030s.
00:18The report did not specify why Microsoft terminated the agreement.
00:22The company declined Reuters' request for comment.
00:25Nscale provides infrastructure and software for training and running AI models.
00:30The company said its relationship with Microsoft remains strong and that
00:33the grid issue will not affect other contracts.
00:36Nscale is exploring alternative power sources and remains committed to the project.
00:41NVIDIA-backed Nscale filed for a U.S. initial public offering last month,
00:45naming Microsoft and Anthropic as expected major customers.
00:48The company has more than $103 billion in total contracted value.
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