OpenAI has abandoned its plans to lease the Stargate data center in Norway directly and will instead have Microsoft manage the facility.
Svmuu News: Following the suspension of the Stargate project in the UK, OpenAI announced that it has abandoned plans to directly lease computing power from the "Stargate Norway" data center in Narvik, Norway. The project was originally developed by the UK-based AI cloud services startup Nscale and had a planned capacity of 230 MW.Sources familiar with the matter said OpenAI had considered leasing about half of the facility’s computing power but ultimately failed to reach an agreement with Nscale; the relevant computing power has now been taken over by Microsoft. OpenAI stated that it is in discussions with Microsoft to access Norwegian computing resources through its cloud services, a move that is financially more aligned with its existing spending arrangements.(CNBC)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Bitcoin Price Breaks $77,000: Multiple Factors Drive Current Rally
-
2
US banks are owed $349B by private credit funds, as PIK interest payments rise to 10% of loans
-
3
Al Jazeera: Israeli attacks on Gaza kill at least 4 Palestinians, UN Human Rights Office warns of ethnic cleansing risk
-
4
Musk retweeted that as of October 31, the number of Starlink satellites has reached 11,184, accounting for 66% of the total active satellites globally.
-
5
Bitcoin staking protocol b14g says $97 million CORE drained, pauses contracts
-
6
Nikkei Asia: Overseas entities' JPY bond issuance reaches a record $16 billion as the AI funding race spreads to Japan
-
7
Al Jazeera: Palestinian Man Succumbs to Injuries After Israeli Drone Strike in Gaza
-
8
SpaceXAI, the AI division of SpaceX, failed to dismiss an air pollution lawsuit filed by the NAACP, with the judge ruling that the case will proceed.
-
9
Chainalysis: Ethereum Reorg Causes THORChain Emergency Pause, Accidentally Delays Binance Hacked Funds Laundering
-
10
Binance confirmed that it has transferred 7,499 Bitcoins to the SAFU fund, stating that it has recovered 90% of the stolen assets and pledged to rebuild the emergency fund to approximately $1 billion.
Markets Today
Recommended Reading


