Story · Scotland
Michael Dell, Lord Johnson and the ‘gun to the head’ meeting that ended a £15bn AI project
The article details the collapse of Pathfinder AI, a British startup that raised £100m to build a £15bn data centre in Scotland. Co-founders Martin Bellamy and Patrick Hughes had a fractious relationship, culminating in Hughes sending an alarming email to investor Michael Dell warning of alleged misuse of funds. The board sought legal advice and decided to return seed money. Staff then held a 'gun to the head' meeting, threatening mass resignation unless a management buyout was approved. A £17.7m sale was signed off by directors including Lord Dominic Johnson. Hughes challenged the deal in court, but the High Court rejected his bid to unwind the sale, ruling against him.
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