British data centre builder Nscale secured a $900m revolving credit facility from 12 banks including J.P. Morgan, Goldman Sachs and Morgan Stanley to fund AI data centre construction across Europe, th…
Nscale closed a $900 million revolving credit facility on July 7, 2026, to fund AI data-center expansion across the US, Europe, and Asia-Pacific, syndicated by J.P. Morgan, Goldman Sachs, and Morgan S…
UK-based AI infrastructure company Nscale secured a $900 million revolving credit facility to expand its global data-center footprint, backed by Nvidia. The company, which spun out of Bitcoin miner Ar…
A Guardian investigation found OpenAI apparently never visited a key site for its Stargate UK data centre project before it was announced. The partnership was paused in April 2026, and a previous inve…
OpenAI's Stargate UK data center project, announced with a £30 billion investment figure, has been paused after it emerged that OpenAI never visited a key planned site and that roughly £20 billion of …
Britain's AI sector has more than tripled in value to £41bn in a year, driven by firms like Nscale (£11.3bn) and ElevenLabs (£8.5bn), as the UK cements its position as Europe's leading startup hub wit…
Aker ASA sold Cognite to Schneider Electric for $3.1 billion, netting a 20x return on its investment, and is reinvesting the proceeds into Nscale, a European AI infrastructure provider, becoming its l…
The European Union's Tech Sovereignty Package aims to triple data center capacity within five to seven years to reduce reliance on American cloud providers, but faces power and planning challenges. Ic…
French private equity giant Ardian is betting over $1.2 billion on Nordic data centers through its Verne platform, leveraging the region's cheap renewable energy and natural cooling to power Europe's …
NVIDIA CEO Jensen Huang outlined a 10-point AI roadmap during a recent talk, emphasizing that agentic AI has crossed a critical threshold requiring 1,000 times more compute than generative AI. He high…