#nscale

Sweden Herald - Latest Sweden News | Vattenfall signs major Norwegian electricity contract with Nscale for Kvandal data center 2027-2031 by Sweden Herald AI generated summary, Read the full article for complete information. State‑owned energy group Vattenfall has entered a multi‑year agreement with Norwegian provider Nscale to supply renewable electricity for a new data centre being built in Kvandal, near Narvik, Norway. The contract covers the bulk of the power needed for the facility’s initial 230 MW capacity from 2027 to 2031, with the option to expand as demand from AI and other digital‑infrastructure sectors grows. This deal highlights the rising need for green electricity to support large‑scale digital projects in the region. Read more: https://swedenherald.com/article/vattenfall-signs-major-norwegian-electricity-contract-with-nscale-for-kvandal-data-center-20272031 #Vattenfall #Nscale #Kvandal #Narvik #businessnews

qwant news | UK venture funding doubled to $10.5bn in the first four months of 2026, on the back of three giant rounds AI generated summary, Read the full article for complete information. In the first four months of 2026 UK‑based companies secured $10.5 billion in venture‑capital funding—about twice the amount raised in the same period a year earlier—propelling the country to the top of Europe and into the global top‑five for both deal count (≈7 % of worldwide volume) and value (≈3 % of worldwide value). Although overall deal volume fell 2 % year‑on‑year, the surge in value was driven by three massive rounds that together account for more than 40 % of total funding: AI‑infrastructure operator Nscale closed a $2 billion Series C at a $14.6 billion valuation, self‑driving firm Wayve raised $1.2 billion at $8.6 billion valuation, and seed‑stage AI start‑up Ineffable Intelligence secured $1.1 billion at a $5.1 billion valuation. Two of these billion‑dollar deals also featured direct UK state investment via the British Business Bank and the Sovereign AI Fund. Analysts note that while the rapid $10 billion milestone signals strong momentum, the concentration of capital in a few late‑stage deals raises questions about whether a broader pipeline of growth‑stage companies will emerge to sustain the pace. Read more: https://thenextweb.com/news/uk-vc-funding-10bn-january-april-2026 #Nscale #Wayve #IneffableIntelligence #Nvidia #BritishBusiness #DavidSilver #AurojyotiBose