Nvidia makes surprising move into British AI company

Core Insights - Nvidia has significantly benefited from the AI boom, with its stock increasing by 32% year-to-date as of September 25 [3] - Nvidia's endorsement of companies is viewed as a credibility boost, attracting investor interest and market momentum [1] Nscale Overview - Nscale, a British AI data center firm, recently raised $1.1 billion in a Series B funding round, marking the largest Series B in UK and European history [3][4] - The funding round was led by Aker, which invested $285 million for a 9.3% stake, potentially increasing to 12.2% [4] - Nscale plans to utilize the new funding to develop large-scale AI infrastructure across Europe, North America, and the Middle East [4][5] Nscale's Future Plans - Nscale aims to create a significant global AI infrastructure platform to meet rising demand [5] - The company is collaborating with OpenAI to establish new data centers as part of the Stargate investment project [8] - Nscale intends to invest $1 billion in a project in Norway, targeting the installation of 100,000 Nvidia GPUs by 2027, and will start with 8,000 GPUs in the UK early next year [8]