British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round

Core Insights - Nscale, a British AI infrastructure firm, has raised $1.1 billion in a Series B funding round to expand AI data centers across Europe [2][3] - The investment was led by Aker, with participation from Nvidia, Nokia, and Dell, indicating strong demand for high-powered computing infrastructure for AI models [2][3] - Nscale aims to become a key player in the UK's ambition to be a global AI leader, collaborating with major companies like Microsoft and OpenAI on significant projects [3][4] Funding and Investment - Nscale's Series B funding round raised $1.1 billion, primarily to accelerate the deployment of AI infrastructure [2] - The funding will support the rapid rollout of data centers as part of OpenAI's Stargate investment project in Europe [5] Infrastructure Development - Nscale is committing $1 billion to a project in Norway, aiming to deploy 100,000 Nvidia GPUs by 2027 [6] - The UK site will initially house 8,000 GPUs, with plans to expand to approximately 31,000 GPUs over time [6]