Ofgem data centre crackdown risks ‘driving AI investors away’ from UK Tech Ofgem’s plans to crack down on speculative data centre projects have prompted warnings that new grid connection fees could make Britain a less attractive destination for AI investment, even as the industry backs efforts to clear stalled schemes from the queue. The regulator has launched a consultation on proposals to free up electricity grid capacity [...]
Energy minister says AI must ‘bring down bills’ as data centres squeeze the grid Tech Power-hungry data centres must help bring down bills rather than place further strain on Britain’s squeezed electricity network, the energy minister has said. Michael Shanks warned public support could drop for the rapid expansion of AI infrastructure unless households saw a clear economic benefit. “We need to deliver energy security here at home, but we [...]
Grid delays force Starmer-backed AI data centre to seek alternative power Tech One of the UK’s flagship AI infrastructure projects is being forced to source its own energy supplies after discovering it would not be granted grid connection in time for its eagerly anticipated opening. Nscale, the British AI unicorn backed by Nvidia, is now looking beyond conventional electricity connections for its flagship £2bn data centre in [...]
Nscale taps lenders for $900m to fuel AI data centre splurge July 7, 2026 British data centre builder Nscale has landed a $900m (£673m) credit line from some of Wall Street’s biggest banks to fuel its global expansion, even as investors increasingly scrutinise the sector’s breakneck spending. The London-headquartered company said the financing will support the construction of new AI data centres across Europe, the US and Asia-Pacific as [...]
AI data centre race reaches rural Devon as Xlinks eyes £3.6bn campus June 29, 2026 Britain’s race to build the infrastructure underpinning AI is moving beyond its traditional data centre heartlands, with Xlinks unveiling plans for a £3.6bn AI campus in north Devon as developers search for land and grid capacity. The energy developer, whose Morocco-UK power project was shelved by the government earlier this year, wants to build a [...]
AI infrastructure boom helps power Halma to record sales and profit June 11, 2026 The AI infrastructure boom helped underpin another record year at Halma as the FTSE 100 safety and equipment maker delivered more than £2.5bn in annual revenue for the first time. The 130-year-old group, which owns dozens of specialist businesses across safety, healthcare and environmental tech, posted record revenue and profit, extending a growth streak that [...]
SpaceX IPO puts Musk’s AI empire – and ambitions – in the spotlight May 21, 2026 SpaceX has finally opened its books to public markets, revealing a company generating tens of billions in revenue, burning through cash at an extraordinary speed and betting its future on AI as much as rockets. The long-awaited Nasdaq float, expected next month, could value Elon Musk’s space and AI empire at as much as $1.75 [...]
Google and Blackstone take aim at Nvidia in $5bn AI bet May 19, 2026 Alphabet’s Google and Blackstone are launching a $5bn (£3.7bn) AI infrastructure firm in one of the clearest signs yet that Big Tech is trying to loosen Nvidia’s grip on the AI boom. The deal, as first reported by The Wall Street Journal, will see the pair create a new US-based AI cloud and data centre [...]
The AI bubble has a name – and it’s OpenAI April 29, 2026 For three years, Sam Altman has worn the badge of greatest pitchman in the history of tech. He sold the world a vision of artificial general intelligence – a machine that thinks, reasons and creates – and sold investors the bill to build it. The man raised more capital in a single funding round than [...]
Allbirds shares rockets as shoe brand pivots to AI April 16, 2026 Shares in Allbirds surged by over 580 per cent after the struggling shoe brand unveiled a dramatic pivot into AI, betting on soaring demand for tech infrastructure to revive its fortunes. The Nasdaq-listed firm said it had secured $50m (£37m) in convertible financing to shift into an ‘AI compute infrastructure’ business, focusing on buying high-performance [...]