AI Insider·
Insider Brief PRESS RELEASE — Nscale is pleased to announce an additional $790 million in financing — committed by ABN AMRO, DNB, Eksfin, Nordea and SEB — to reinforce the continued development of the AI data center in Narvik, Norway. This data center project is the largest AI infrastructure investment in Norway. The committed financing includes an additional $790 million uncommitted […]
Read full articleSoftBank's AI data center plans in France could significantly boost Europe's tech infrastructure and attract more global investments. The post SoftBank’s Masayoshi Son discusses multibillion-dollar AI data center project with Macron appeared first on Crypto Briefing.
Chip manufacturing behaves less like a competitive commodity market and more like a layered oligopoly.
A data center that hasn’t been built — or even formally proposed — is causing tensions in a rural Sussex County town where residents are threatening to sue local officials over the potential project.
The digital asset manager also delivered its earnings report for the first quarter of 2026.
Insider Brief Norwegian industrial software company OTee has raised €5.3 million in seed funding as it looks to expand its software-defined control platform for factories, utilities and other industrial operations. The round was led by North Ventures, with participation from Atlas SGR and existing investors RunwayFBU, Superangel and Antler, accordinng to the company. The company […]
In the space of one week, OpenAI has pulled out of two European Stargate data center deals, one in the UK and the second in Norway. Observers attribute the move to the company taking a more disciplined approach to its massive expenses, with OpenAI executives trying to make their books look better in a common move among companies preparing to go public with an imminent IPO. In Norway, OpenAI had been in talks with neocloud provider Nscale, but pulled out of those talks and the data center was instead leased by sometime-OpenAI partner Microsoft, according to sources involved in the discussions. Nscale and Microsoft on Wednesday confirmed the Norway deal, with a source familiar with the negotiations saying that Microsoft will rent the facility in Narvik, Norway, and will then provide compute power to OpenAI through an unspecified agreement. OpenAI did not respond to a request for comments. The UK data center pullout also seemed to reflect some financial belt tightening. Jeremy Roberts
Nearly 50% of data center projects delayed as China holds key to power infrastructure.
The center, to be established near Paris, will be powered by thousands of Nvidia chips.
