TECH NEWS

Nscale secures $790m financing for Narvik AI data centre

Nscale, the vertically integrated AI-infrastructure company, has secured an additional $790m of debt financing to continue building out its AI data centre in Narvik, northern Norway, the company said on Monday.

The committed facility was provided by ABN AMRO, DNB, Eksfin (Export Finance Norway) and Nordea, with Skandinaviska Enskilda Banken (SEB) acting as Mandated Lead Arranger alongside the bookrunner banks. ABN AMRO, DNB, and Nordea acted as Bookrunners on the trade.

Alongside the committed amount, the facility carries an uncommitted accordion feature of a further $790m, earmarked specifically to fund a 115MW expansion at the Narvik site. Nscale described the Narvik project as the largest AI-infrastructure investment in Norway.

The financing builds on a year of rapid funding momentum at Nscale. The company closed a $2bn Series C in March 2026, led by Aker ASA and 8090 Industries, and signed a $1.4bn delayed-draw term loan in February 2026.

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5 prompts that show how the new Gemini 3.5 Flash is its best AI model yet

Google showed off a lot of new Gemini features and tools at Google I/O 2026, including the powerful new Google Omni video creator and editor. But the Gemini 3.5 Flash model is supposed to be the real workhorse, according to the company. Google has positioned it as faster

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I've covered EOFY sales for years — these are the only tech deals worth your money right now

I know it's not June 1, but EOFY sales from some brands and retailers have already kicked off, so why wait? Yes, there's a good chance the deals might be better come June, but nothing is stopping you from returning a purchase and making it again

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Jensen Huang said that Nvidia has “largely conceded” China's AI chip market to Huawei and should “expect nothing” regarding chip sale approvals to China

Sponsor Posts Niantic Spatial: World models need real-world data — Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics. Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate. App Spotlight: Quo for Zoho CRM — App Spotlight brings you hand-picked solutions that enhance your

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Nvidia on track to be worlds leading CPU supplier claims CFO

GPUzilla forecasts $20 billion in CPU revenues this year Already the planet's largest supplier of GPUs, Nvidia now intends to conquer the CPU market. “We have visibility to nearly $20 billion in total CPU revenue this year, setting us up to become the world’s leading CPU supplier,

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Jensen Huang said that Nvidia has “largely conceded” China's AI chip market to Huawei and should “expect nothing” regarding chip sale approvals to China

Nvidia on track to be worlds leading CPU supplier claims CFO

I've covered EOFY sales for years — these are the only tech deals worth your money right now