Transcript
A (0:00)
Basically, Microsoft said, we, we. All we did was. We said we would spend two and a half billion dollars with you if you ever built the thing. Like, we. We commit to buy two and a half billion dollars worth of compute from you.
B (0:14)
Mm. So. So essentially they went to Microsoft and they were like, if we can take this scaffolding place, buy it, which we still haven't done, and then build the supercomputer on it, then you'll give us two and a half billion dollars worth of investment. And Microsoft said, yeah, okay, sure. They took the print out of the email saying, yeah, okay, sure, to the government. And the government went, holy shit, Microsoft's going to invest two and a half billion pounds or, like, dollars in, like, our sovereign, our blessed economy.
A (0:48)
November. I hate to say, yes, that's exactly what happened, but, yes, that's exactly what happened.
B (0:55)
Jesus Christ.
C (0:56)
Celebrity likes one of your posts and you sort of. And you think that, like, they're your best friend now and no one can tell you otherwise.
A (1:04)
Yeah, it's like, oh, yeah, I'm boys with Rob Delaney. I met him once, basically.
B (1:09)
Yeah, that's so embarrassing to be that desperate for any good news or any investment that you get fooled by the sort of, like, tunnel painted onto the.
C (1:18)
Rob Delaney actually did say that if I could build an AI supercomputer, he would invest £2 billion of his own money into it. And so.
A (1:24)
Oh, that's. So we should get going. I know a scaffolding yard that doesn't currently have a supercomputer on it. Maybe we can start there. But this raises a lot of questions I'm going to walk through answering, namely, how did this happen and more importantly, why did the government let it happen and who benefits? I can answer most of them and make some educated guesses for the rest. So we're going to kind of move beyond the Guardian article a bit here, which is mainly about, hey, this company doesn't seem to exist and the government seems to have misrepresented how much it does exist and. And then never audited it, never looked into it. The land. They could have checked the land registry. Like, it was public information that N Scale did not own this land. But no one checked because no one wanted to. Like, why ruin a good headline? So this is the corporate history of N Scale. N Scale starts the light, starts life as the brainchild of two Australians, former miners. Not like we're all former miners, but former people who mine. Josh Payne and Nathan Townsend. Payne is our main man here because Townsend left a couple of years ago. Hilariously, this article was published in incorporated magazine on March 9th of this year. So, like, two days before it was revealed to be kind of nothing, this former coal Miner messaged a CEO on LinkedIn. Now his AI startup is worth $14.6 billion. He got a LinkedIn success article written about him in Incorporated magazine.