35 stories found
Negotiations between Google and Microsoft to secure computing resources from startup Nscale fell through, ultimately resulting in the contract being awarded to AI developer Anthropic.
Norwegian industrial group Aker saw its stock price jump significantly after confirming a landmark $45 billion agreement with technology firm Nscale. Investors and shareholders welcomed the deal as a major boost to the company’s long-term growth prospects.
TikTok has agreed to pay a $400 million settlement to the US Justice Department, resolving investigations into the company's handling of children's privacy data. This agreement concludes the legal battle regarding the collection of personal information from minors on the platform.
Nscale is reportedly informing potential investors of approximately $51 billion in contracted revenue as it prepares for a US initial public offering as early as September.
Nscale has acquired Anyscale as part of its strategic efforts to gain greater ownership and control over the artificial intelligence compute stack.
Nscale, a company backed by Nvidia, has successfully closed a $900 million revolving credit facility.
Nscale has successfully secured $790 million in financing to fund its ambitious data center development plans in Narvik, Norway.
British telecommunications company BT has announced a collaboration with Nscale to construct 14 megawatts of artificial intelligence capacity in the United Kingdom.
Sheryl Sandberg has stated that Nscale and its CEO remind her of early Facebook. Her comments suggest a belief in the company's potential for significant growth and impact.
AI hyperscaler Nscale has successfully raised $2 billion in its Series C funding round, bringing the company's valuation to $14.6 billion.
The appointment of new power directors to Nscale's board is seen as a strong indicator of the company's future ambitions and strategic direction.
Nscale has successfully raised $2 billion in funding and announced the addition of Sheryl Sandberg and Nick Clegg to its board of directors. This significant capital injection and high-profile board appointments signal strong growth and strategic direction for the company.
Artificial intelligence research firm Anthropic has finalized a massive $45 billion contract with Norwegian cloud provider Nscale to guarantee sustained access to high-performance computing resources required for next-generation language model development.
Artificial intelligence developer Anthropic has finalized a $45 billion agreement with British startup Nscale to construct a major data processing facility in the United Kingdom. The landmark deal underscores the rapid expansion of infrastructure investments required to support large-scale AI model training.
Nscale, a company dominated by Røkke, has confirmed plans for a new data center in Sauda, Norway, calling it one of the largest investment waves in history, but declined to comment on its own stock market listing.
Neocloud Nscale is reportedly meeting with investors as it prepares for a potential initial public offering.
AI cloud provider Nscale has announced its intention to acquire the AI software startup Anyscale in a deal valued at $1.65 billion. The acquisition aims to bolster Nscale's capabilities in the artificial intelligence sector.
Nscale, a startup supported by Nvidia, has successfully raised $900 million in funding. The capital will be used to finance the construction and expansion of its data center infrastructure.
The Sines data center in Portugal is set to receive an additional 66,000 Nvidia chips by the end of 2027, representing a further investment of €695 million by British company Nscale.
Microsoft has announced a deal to rent 30,000 Nvidia chips from Nscale in Norway and is also expanding its operations in Wyoming.
Nscale, a company, is reportedly facing issues with its credit history due to defaults in its early stages.
Sheryl Sandberg and Nick Clegg have joined the board of Nscale, a 'Stargate Norway' startup, as the company achieves a significant $14.6 billion valuation.
Nvidia-backed UK AI firm Nscale has successfully raised $2 billion in a funding round, bringing its valuation to $14.6 billion, to support its ambitious plans for developing AI data centers.
Josh Payne, CEO of Nscale, has raised $2 billion for his AI data center company, with former Facebook executive Sheryl Sandberg joining its board, highlighting the rapid growth in the AI infrastructure sector.
Leading AI developer Anthropic is reportedly finalizing a massive multi-year agreement with cloud provider Nscale to secure extensive high-performance computing resources for future model training.
AI developer Anthropic has agreed to a $45 billion contract with Norwegian firm Nscale to secure long-term access to high-performance computing power for training large language models. The deal underscores the intense competition and capital demands driving the artificial intelligence sector.
Rumors surrounding the data center giant Nscale's valuation have propelled Aker's stock, with analysts believing Nscale is now rushing to go public and could become Aker's largest company.
Nscale is set to acquire Anyscale, an AI startup co-founded by a Romanian entrepreneur, in a deal reportedly valued at $1.65 billion. This acquisition highlights a significant transaction in the artificial intelligence sector.
Aker's Nscale is in advanced discussions with Norwegian authorities regarding data centers in Northern Norway, proposing to use power equivalent to about 8% of Norway's total electricity consumption last year.
Norwegian AI company Nscale, which received a 2.2 billion kroner government loan for a data center in Narvik, is threatening to stop further development if it does not secure more electricity.
Nscale has announced plans to expand a Microsoft data center site located in Portugal, indicating growth in cloud infrastructure.
Wedding celebrations in Kuwait have been downscaled due to an imposed ban, affecting traditional festivities.
An article discusses Nscale's credibility, suggesting it has gained backing or influence from external sources.
Nscale’s AI project still in use as depot ahead of pledged completion date – with planning permission filed after Guardian’s inquiries Revealed: UK’s multibillion AI drive is built on ‘phantom investments’ The press releases announcing a gleaming supercomputer on the outskirts of north London depict a glass and concrete building, rising from a tree-lined street. Accompanied by images of glowing blue robot faces, it looks like the centre of a technological revolution. By the end of this year...
Nvidia-backed startup Nscale has successfully raised new funds at a $14.6 billion valuation, further solidifying its position in the tech industry.