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The Information’s TITV: Tech news and analysis. Every weekday at 10 am PT / 1 pm ET. Now streaming → → Oct 19, 2026 The Information AM Supported by Save 25% on an annual subscription to read the most important news about technology and business first. For even more, Save $250 on The Information Pro for unlimited access to our proprietary org charts, databases and surveys. Welcome back! Microsoft pulls out of a planned U.K. data center Nscale was building for it. Anthropic commits at least 5% of its shares to a fund that will support public-benefit causes. China is considering new export controls on AI technologies. Read more briefings 1. Microsoft Pulls Out of Nscale U.K. Data Center Following Delays By Aaron Holmes Source: The Information Microsoft has pulled out of a planned U.K. data center Nscale was building for it, an Nscale spokesperson said, after the cloud provider faced delays accessing power to bring the site online. The cancellation is likely to weigh on Nscale’s planned public offering this month as investor concerns swirl over whether AI cloud providers can bring in revenue fast enough to pay their debts. Firmus Grid, an Australian competitor to Nscale, abruptly pulled its planned IPO earlier this month, and shares in AI cloud provider CoreWeave fell more than 23% last week. Microsoft, one of Nscale’s two largest customers, had announced last fall that it planned to spend $15 billion in capital expenditures on new data center capacity in the U.K. by 2028, including on a new campus built by Nscale. But power suppliers recently informed Nscale that the site may not be able to access power until 2030, according to someone familiar with the situation. Nscale disclosed last month that Microsoft had committed to spend roughly $44 billion with it by 2033, including at facilities in the U.K., Texas, Portugal, and Norway. But Nscale said at the time that its contracts allowed customers to walk away from commitments if they faced construction delays. The Telegraph first reported on Microsoft pulling out of the U.K. site. “We remain committed to both the Loughton project and the UK and we are exploring alternative power sources for the site, in addition to other expansion sites in the UK,” an Nscale spokesperson said in a statement. “Our relationship with Microsoft remains strong and long-term, and this unfortunate London-wide grid issue has no impact on our other contracts.” Microsoft declined to comment. 2. Anthropic Commits At Least 5% of Shares to New Public Benefit Fund By Jason Dean Source: The Information Anthropic announced the creation of a new fund that will get at least 5% of its shares and support public-benefit causes such as addressing the employment impact of AI. The Anthropic Public Benefit Fund could get an additional 2% of the company’s shares on top of the initial 5% commitment, at the discretion of the company’s board, for every 50% increase in the company’s value above a baseline, Anthropic said in a blog post Sunday. The post added that the allocation plan is subject to stockholder approval, and said Anthropic would disclose further details about the fund in the coming months. The fund adds to the unusual elements of Anthropic’s structure as it plans an initial public offering that is expected to be one of the biggest ever. It is a public benefit corporation, meaning it can pursue societal goals as well as shareholders’ financial interests, and a majority of its board is appointed by its Long-Term Benefit Trust, a group of non-shareholders who advise the company on safety and social issues. Anthropic also has an unusually generous matching program for employee charitable donations. And, ahead of its IPO, Anthropic developed a plan to grant its seven co-founders, including CEO Dario Amodei, a combined 50.1% of voting power even if they reduce some of their stakes, The Information has reported. Sunday’s post said that about half of Anthropic’s employees participate in the ma