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Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’
Technology•March 9, 2026 at 4:56 PMNational

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

By Aisha Down•The Guardian - UK News

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 what was promised with what has so far been delivered.The investigation centres on two companies backed by the chipmaker Nvidia and central to the UK’s AI plans, Nscale and CoreWeave. Continue reading...

A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details

A Guardian investigation has examined a series of massive AI investments announced by the government over the past two years, comparing what was promised with what has so far been delivered.

The investigation centres on two companies backed by the chipmaker Nvidia and central to the UK’s AI plans, Nscale and CoreWeave.

Continue reading...

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