Aker and Nscale to build $1 billion OpenAI plant in Norway
The partnership, called Stargate Norway, will be fully powered by renewable energy, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI.
The centre is the first in Europe under OpenAI's Stargate programme and follows the recent announcement of similar-sized Stargate UAE in the United Arab Emirates, the US tech firm said. "This is one of the most ambitious AI infrastructure investments in Europe to date," OpenAI said in a blog post on its website. Aker ASA's shares rose 4.1% by 0715 GMT. Nscale and Aker will jointly own Stargate Norway, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. "As OpenAI customers, Aker and Nscale will benefit from local access to models and AI services delivered via sovereign infrastructure," the companies said in their statement. The facility will run on Nvidia's advanced GB300 Superchip processors, connected by the US company's high-speed NVLink network technology, Nvidia CEO Jensen Huang said in a video presentation on the project. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable and sustainable infrastructure is now essential to remain competitive," he added. Stargate Norway is projected to consume an electrical power capacity of 230 megawatts (MW) for its operation, with ambitions to expand by an additional 290 MW, the companies said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Zomato delivered, but did the other listed unicorns?
Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous
Trump tariffs: End of road or a new journey ending Russia reliance?
As rates slide, who will grab the savings pie? MFs, insurers?
Is it time for Tim Cook to bid bye to Apple?
Regulators promote exchanges; can they stifle one? Watch IEX
Stock Radar: Down over 20% from highs! Varun Beverages stock showing signs of trend reversal – time to buy?
History tells us 'Hold' is equal to wealth creation: 11 large- and mid-cap stocks from different sectors with upside potential of up to 37%
In some cases parentage equals 'management with ability': 5 mid-caps from different sectors, which tick the right box
Multibagger or IBC - Part 17: Margins are slim. Promoters are all in. Is this small cap the ultimate contrarian bet?
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
2 hours ago
- Economic Times
Anthropic CEO fires back at NVIDIA's Jensen Huang sparking explosive AI ethics clash. Calls his words 'the most outrageous lie'
AP In a heated exchange, Anthropic CEO Dario Amodei refuted NVIDIA CEO Jensen Huang's claims about his stance on AI governance, calling them an "outrageous lie." Amodei advocates for responsible AI development, emphasizing safety and transparency, while Huang champions open innovation and market-driven progress. In a sharply worded rebuttal that adds heat to an already simmering Silicon Valley rivalry, Anthropic CEO Dario Amodei has accused NVIDIA CEO Jensen Huang of twisting his words and intentions on AI governance and safety. Speaking on the Big Technology Podcast , Amodei slammed Huang's claim that Anthropic believes only it should be allowed to develop advanced AI systems. 'That's the most outrageous lie I've ever heard,' Amodei said, visibly frustrated. 'I've said nothing that anywhere near resembles the idea that this company should be the only one to build the technology.' The comments come amid a widening philosophical divide in the tech world—between those calling for controlled, measured AI deployment and others advocating for open innovation at full throttle. — BigTechPod (@BigTechPod) The feud escalated after Jensen Huang publicly accused Amodei of advocating for exclusive control over AI development. During VivaTech 2025 in Paris, Huang told reporters, 'He thinks AI is so scary, but only they should do it,' referring to Amodei's lobbying for export controls on semiconductor technology and repeated warnings about AI's disruptive potential. Amodei has indeed sounded the alarm on AI's capacity to wipe out as much as 20% of entry-level white-collar jobs in the next five years—a prediction he shared with Axios earlier this year. Huang, on the other hand, has remained consistently upbeat, insisting AI will transform rather than destroy jobs. 'I pretty much disagree with almost everything he says,' Huang said at the summit. On the podcast, Amodei elaborated on what he calls a 'race to the top'—an approach he believes all AI developers should follow. 'When you have a race to the bottom, it doesn't matter who wins—everyone loses,' he said. 'With a race to the top, it doesn't matter who wins because everyone wins.' He pointed to Anthropic's transparent policies, such as their 'Responsible Scaling Policy' and open-access interpretability research, as proof that the company is not hoarding progress behind closed doors. Instead, he argued, these initiatives were designed to encourage safer practices across the entire industry. 'We've released our work so others can build on it,' Amodei said. 'Sometimes that means giving up commercial advantages—but it's worth it for the field to grow responsibly.' There may also be financial motivations at play in this war of words. Amodei's support for semiconductor export controls to China could hinder NVIDIA's massive chip sales, particularly in the AI boom where demand for powerful GPUs is soaring. Huang, whose company stands to lose billions if such restrictions tighten, has not held back his criticism of Amodei. Amodei, however, is adamant that the friction isn't about limiting competition but about fostering responsibility in an industry where mistakes can have global consequences. 'It's just an incredible and bad faith distortion,' he said of Huang's the race toward superintelligence intensifies, the dispute between Amodei and Huang highlights an essential question: who gets to define 'safe' in the age of AI? While Meta, OpenAI, Google, and Anthropic continue pushing the frontiers of artificial intelligence, the real divide may not lie in model sizes or compute power—but in values. Should AI be guided by market dynamics and open-source contributions, as Huang believes? Or does it need more control and caution, as Amodei argues?
Time of India
2 hours ago
- Time of India
Even OpenAI's chairman struggles to keep up with AI: Bret Taylor calls the once-in-a-lifetime boom ‘insane'
— plzaccelerate (@plzaccelerate) Living through a technological renaissance You Might Also Like: Billionaire Vinod Khosla predicts AI teachers will disrupt education and careers. Here's how A human job in an AI world Bill Gates agrees: AI is a tool, not the artist You Might Also Like: Bill Gates predicts only three jobs will survive the AI takeover. Here is why If you've been struggling to keep pace with the whirlwind that is Artificial Intelligence , you're in good company. Bret Taylor , Chairman of OpenAI , the organization at the epicenter of the AI revolution , admits he too is barely able to stay afloat amid the relentless stream of a candid conversation hosted by South Park Commons with Aditya Agarwal, Taylor said, 'I am the chairman of OpenAI. I run a fairly successful applied AI company, and I have trouble keeping up with everything going on.' His words offer a rare moment of vulnerability in a world that often presents AI experts as unflappable makes his admission particularly striking is his vantage point. Taylor is not just on the frontline — he's in the command tower. From overseeing OpenAI's advancements to observing the competition's rapid rise, his plate is full. And yet, even he finds it dizzying. 'I'm probably most well situated in the world almost to do so… So it just feels insane to me right now,' he sees this turbulent moment as historic — and oddly poetic. 'I think it's a privilege... I hope you're enjoying being in this moment because... I think our society will be very different 10 years from now,' he said, reflecting on how rare it is to consciously live through such a transformative era. 'I pinch myself every day.'Indeed, the AI domain is experiencing something akin to a gold rush — except instead of panning rivers, companies are mining data and releasing new models almost weekly. OpenAI, once the undisputed leader, is now facing heated competition. Google's Gemini, Elon Musk's Grok, and emerging Chinese open-source platforms like DeepSeek and Kimi have challenged its dominance with increasingly capable on the product side, innovation is relentless. ChatGPT has become the fifth most visited website globally, but it's far from alone. New AI tools tackling niche tasks are sprouting up daily. OpenAI reportedly even attempted to acquire Windsurf, a rising AI startup — a sign of how closely it watches the this pace, Taylor offers a reassuring message: humans aren't being pushed out of the equation just yet. Speaking to Business Insider, he argued that formal computer science education remains more relevant than ever. 'Studying computer science is a different answer than learning to code, but I would say I still think it's extremely valuable,' he emphasized that such degrees instill systems thinking — a way of understanding how components interact in complex systems, which remains vital for innovation. He pointed out how topics like Big O notation, cache misses, and randomized algorithms teach the kind of structured logic that no AI model can fully Taylor's view is none other than Microsoft co-founder Bill Gates. In conversations on The Tonight Show, Gates predicted that programming will "remain a human job for at least a century.' His reason? Writing software isn't about typing code; it's about pattern recognition, judgment, and making creative like GitHub Copilot and ChatGPT may streamline debugging and accelerate development, but Gates insists, 'They are power chisels, not replacement carpenters.' AI may help you shape the material, but the blueprint still comes from the human mind.
Economic Times
3 hours ago
- Economic Times
Anthropic CEO throws shade at Mark Zuckerberg's billion-dollar AI talent hunt with dartboard dig: ‘You can't buy purpose with a paycheck'
Reuters Dario Amodei, Anthropic CEO, has criticised Meta's AI recruitment. He questions Meta's high compensation offers. Amodei says Anthropic prioritizes culture and fair pay. In the escalating turf war for top AI talent, Anthropic CEO Dario Amodei has delivered a pointed, and slightly humorous, critique of Meta's aggressive recruitment tactics. Speaking on the Big Technology Podcast , Amodei painted a vivid picture: "If Mark Zuckerberg throws a dart at a dartboard and it hits your name, that doesn't mean you should be paid ten times more than the guy next to you who's just as skilled." His remarks come amid widespread reports of Meta launching an all-out offensive to poach AI engineers from rivals like OpenAI, Apple, Google, and Anthropic itself. Yet Amodei claims his startup has remained largely untouched. 'Some [employees] wouldn't even talk to Meta,' he said, asserting that their culture and mission are more attractive than any compensation package Meta can offer. Meta has reportedly been dangling massive offers, with some packages surpassing $200 million for a single hire, according to Business Insider and WIRED . Amodei, however, says Anthropic refuses to match such sums, insisting on fair and consistent pay across the board. "I recently posted in our company Slack that we will not compromise our compensation principles or fairness if someone gets a big offer," he shared. In his view, rewarding one employee disproportionately just because they were on Meta's radar would be unjust to their equally capable colleagues. Despite this stance, Meta has managed to lure away at least one former Anthropic engineer—Joel Pobar—but Amodei suggests their broader impact has been limited. — BigTechPod (@BigTechPod) Meta's latest AI moonshot, the Superintelligence Lab , has ignited a fierce scramble for elite minds. OpenAI's Chief Research Officer Mark Chen likened it to a break-in after losing several staffers overnight. Meanwhile, OpenAI CEO Sam Altman accused Meta of deploying 'giant offers' to lure talent, with some signing bonuses rumored to top $100 million. Zuckerberg is unapologetic about the ambition. In an internal memo seen by CNBC , he claimed, 'Developing superintelligence is coming into sight,' declaring his goal to bring personal AI to every individual, not just enterprise clients. While Meta may have the resources, Amodei questions whether mission-driven AI work can be bought. 'Zuckerberg is trying to buy something that can't be bought,' he said during the podcast, underscoring Anthropic's long-term focus on safe and ethical AI development. This sentiment resonates with other industry leaders too. OpenAI continues to frame itself as a purpose-first organization, while Meta's flashier, big-money moves risk creating tension even within its own teams. As CNBC reported, some insiders at Meta worry that a talent-heavy, cash-fueled approach could lead to ego clashes and fractured projects. In the current AI landscape, where demand far outpaces supply, the value of a skilled AI researcher is rivaling that of a professional athlete. Yet, for companies like Anthropic and OpenAI, the real challenge isn't just retaining talent—it's maintaining a sense of purpose amid the frenzy.
