Latest news with #AkerASA
Reuters
01-08-2025
- Business
- Reuters
OpenAI to build its first European data centre in Norway, with partners
OSLO, July 31 (Reuters) - OpenAI is launching its first Stargate data centre project in Europe, partnering with developer Nscale Global Holdings and investment group Aker ASA ( opens new tab to open a $1-billion facility in Norway next year, the companies said on Thursday. The artificial intelligence partnership, called Stargate Norway, will initially install 100,000 Nvidia (NVDA.O), opens new tab processors and could see a tenfold expansion in future phases amid soaring AI demand, the companies said. The centre, to be built near Narvik in northern Norway, is the first in Europe under OpenAI's Stargate programme and follows the recent announcement of similar-sized Stargate UAE in the United Arab Emirates, the U.S. tech firm said. The gigafactory will be fully powered by renewable energy from local hydropower production, the companies added. "Infrastructure like this is really important and unlocks a ton of potential for developers, researchers, scientists, and startups all across Norway and Europe," OpenAI CEO Sam Altman said in a video presentation. The shares of Norwegian conglomerate Aker ASA rose 11% to a two-year high of 729 Norwegian crowns before paring gains to trade at 717 crowns at 1337 GMT. Nscale and Aker will jointly own Stargate Norway with 50% stakes each, investing about $1 billion for the initial phase of the project, which will consume about 20 megawatts of electrical power capacity and have OpenAI as its first customer. Aker said it was working with local power producer Nordkraft to secure access to enough electricity to allow Stargate to increase its consumption to 230 MW and eventually add a further 290 MW. An Aker spokesperson declined to comment on investment costs beyond the initial commitment or a time frame for the additional capacity. The facility will run on Nvidia's advanced GB300 Superchip processors, connected by the U.S. company's high-speed NVLink network technology, Nvidia CEO Jensen Huang said in the video presentation. The facility will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable, and sustainable infrastructure is now essential to remain competitive," he added.
Reuters
31-07-2025
- Business
- Reuters
Aker and Nscale to build $1 billion OpenAI plant in Norway
OSLO, July 31 (Reuters) - Norway's Aker ASA ( opens new tab said on Thursday it was partnering with Nscale Global Holdings and OpenAI to build a large artificial intelligence facility in northern Norway, aiming to install 100,000 Nvidia (NVDA.O), opens new tab processors by the end of 2026. The partnership, called Stargate Norway, will be fully powered by renewable energy, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. The centre is the first in Europe under OpenAI's Stargate programme and follows the recent announcement of similar-sized Stargate UAE in the United Arab Emirates, the U.S. tech firm said. "This is one of the most ambitious AI infrastructure investments in Europe to date," OpenAI said in a blog post on its website. Aker ASA's shares rose 4.1% by 0715 GMT. Nscale and Aker will jointly own Stargate Norway, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. "As OpenAI customers, Aker and Nscale will benefit from local access to models and AI services delivered via sovereign infrastructure," the companies said in their statement. The facility will run on Nvidia's advanced GB300 Superchip processors, connected by the U.S. company's high-speed NVLink network technology, Nvidia CEO Jensen Huang said in a video presentation on the project. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable and sustainable infrastructure is now essential to remain competitive," he added. Stargate Norway is projected to consume an electrical power capacity of 230 megawatts (MW) for its operation, with ambitions to expand by an additional 290 MW, the companies said.
CNA
31-07-2025
- Business
- CNA
Aker and Nscale to build $1 billion OpenAI plant in Norway
OSLO :Norway's Aker ASA said on Thursday it was partnering with Nscale Global Holdings and OpenAI to build a large artificial intelligence facility in northern Norway, aiming to install 100,000 Nvidia processors by the end of 2026. The partnership, called Stargate Norway, will be fully powered by renewable energy, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. The centre is the first in Europe under OpenAI's Stargate programme and follows the recent announcement of similar-sized Stargate UAE in the United Arab Emirates, the U.S. tech firm said. "This is one of the most ambitious AI infrastructure investments in Europe to date," OpenAI said in a blog post on its website. Aker ASA's shares rose 4.1 per cent by 0715 GMT. Nscale and Aker will jointly own Stargate Norway, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. "As OpenAI customers, Aker and Nscale will benefit from local access to models and AI services delivered via sovereign infrastructure," the companies said in their statement. The facility will run on Nvidia's advanced GB300 Superchip processors, connected by the U.S. company's high-speed NVLink network technology, Nvidia CEO Jensen Huang said in a video presentation on the project. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable and sustainable infrastructure is now essential to remain competitive," he added. Stargate Norway is projected to consume an electrical power capacity of 230 megawatts (MW) for its operation, with ambitions to expand by an additional 290 MW, the companies said.
Yahoo
31-07-2025
- Business
- Yahoo
Aker, Nscale, OpenAI plan $1 billion Norway AI facility
OSLO (Reuters) -Norway's Aker ASA said on Thursday it is partnering with Nscale Global Holdings and OpenAI to build an artificial intelligence facility in northern Norway, aiming to install 100,000 NVIDIA chips by the end of 2026. The partnership, called Stargate Norway, will use 100% renewable energy to power the AI facility, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. Stargate Norway will be owned by a 50/50 joint venture between Nscale and Aker, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable and sustainable infrastructure is now essential to remain competitive," he added. Sign in to access your portfolio
CNA
31-07-2025
- Business
- CNA
Aker, Nscale, OpenAI plan $1 billion Norway AI facility
OSLO :Norway's Aker ASA said on Thursday it is partnering with Nscale Global Holdings and OpenAI to build an artificial intelligence facility in northern Norway, aiming to install 100,000 NVIDIA chips by the end of 2026. The partnership, called Stargate Norway, will use 100 per cent renewable energy to power the AI facility, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. Stargate Norway will be owned by a 50/50 joint venture between Nscale and Aker, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement.
