UK’s Nscale Raises $1.1 Billion in AI Data Center Frenzy (2)

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.

Aker said it would invest $285 million in cash and land where the data center will be built, giving the firm a 9.3% stake. ...