{"id":621436,"date":"2026-06-04T21:14:16","date_gmt":"2026-06-04T21:14:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/621436\/"},"modified":"2026-06-04T21:14:16","modified_gmt":"2026-06-04T21:14:16","slug":"inside-nscales-massive-ai-data-center-above-the-arctic-circle","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/621436\/","title":{"rendered":"Inside Nscale&#8217;s Massive AI Data Center Above the Arctic Circle"},"content":{"rendered":"<p data-testid=\"paragraph-element\" class=\"rich-text mb-6 font-graphik text-body-large text-black-coffee mt-8 focus-visible:outline focus-visible:outline-black-coffee focus-visible:outline-2 focus-visible:outline-offset-2 focus-visible:shadow-focus-color text-left\">The demand for computing power is so fierce that OpenAI\u2019s departure barely mattered to Nscale, which has quickly become one of Europe\u2019s hottest startups, valued at $14.6 billion. Known as a \u201cneocloud,\u201d so called because it is built primarily for the needs of new AI models, it is part of an emergent category of tech companies that have risen up to satiate the market\u2019s ravenous hunger for AI computing power. Nscale is barely two years old, but business is booming, with five data centers in various stages of construction in the U.S., U.K., and Norway. Investors are lining up in advance of a possible IPO later this year. In March Nscale raised $2 billion, the largest round of its kind in European history. Josh Payne, the company\u2019s 32-year-old CEO, tells TIME he wants to turn Nscale into a \u201c$1 trillion hyperscaler\u201d\u2014a new cloud company that can compete with the likes of Amazon, Microsoft, and Google.<\/p>\n","protected":false},"excerpt":{"rendered":"The demand for computing power is so fierce that OpenAI\u2019s departure barely mattered to Nscale, which has quickly&hellip;\n","protected":false},"author":2,"featured_media":621437,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,4160,86,56,54,55],"class_list":["post-621436","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-norway","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/621436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=621436"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/621436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/621437"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=621436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=621436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=621436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}