A Guardian investigation alleges the UK government’s multi-billion pound artificial intelligence strategy relies on phantom investments and questionable accounting. The report scrutinizes major infrastructure deals with Nscale and CoreWeave intended to establish the UK as a global AI leader.
Investigators claim that several touted investments lack physical substance. A £1 billion commitment from CoreWeave reportedly involved leasing space in existing data centers rather than constructing new facilities. Furthermore, a key site for a powerful Nscale supercomputer remains a scaffolding yard, making its scheduled completion this year highly unlikely.
The UK government stated that all investment figures originated from the private companies. Officials confirmed the government possesses no formal mechanism to audit these financial claims.