UK’s Nscale Raises $1.1 Billion in AI Data Center Frenzy

Nscale, a developer of artificial intelligence data centers, has raised $1.1 billion in financing a week after announcing its partnership with Nvidia Corp. and OpenAI in the UK.

Norwegian energy conglomerate Aker ASA led the financing round along with several investors including Point72, Nvidia and Nokia Oyj, Nscale said in a statement on Thursday. Aker and Nscale announced plans in July to construct a data center in Norway with OpenAI as an anchor customer.