Microsoft Neocloud Deals Cross $60 Billion in AI Spending Frenzy

Microsoft Corp. has committed more than $60 billion to neocloud data center companies, evidence of the company’s race to find enough computing capacity for its AI needs.

The largest chunk of that spending — about $23 billion — is going to British startup Nscale, according to people familiar with the situation, who requested anonymity to discuss the previously undisclosed sum. The arrangement with Nscale will give Microsoft access to about 200,000 of Nvidia Corp.’s latest GB300 chips at sites in the UK, Norway, Portugal and Texas.

Like its peers, the world’s largest software company is struggling to get data centers ...