Nscale faces Norway data center delays while seeking up to $3 billion IPO

Published Friday, October 16, 2026 · 3:57 AM EDT

AI infrastructure firm Nscale is seeking to raise up to $3 billion in an initial public offering as soon as this month, Bloomberg reports. Construction of its flagship Norwegian data center has faced regulatory hurdles, a fire and other delays, as investors grow increasingly wary of AI buildout risks.

Sources

Bloomberg Technology

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

AI Science

Study finds cheaper claim verification carries higher unsupported-claim acceptance

Researchers report in a preprint that combining a cheaper claim verifier with a frontier language model scored 74.10 at USD 2.92 per thousand claims, against 73.83 at USD 8.93 for the frontier model alone. The system sends some cl...

Policy

Taiwan considers stricter controls on AI chip exports to China

Taiwan is considering stricter controls on artificial intelligence chip exports to China to give authorities more legal tools against hardware diversion, Bloomberg reported Friday, citing people familiar with the matter. The discu...

Science

General Fusion says metal compression heated plasma to 12 million degrees Celsius

General Fusion says it heated plasma to 12 million degrees Celsius by compressing it with a rapidly imploding metal wall, demonstrating a core part of its approach to fusion power. The Canadian company's Magnetized Target Fusion ...

AI Science

MegaMem preprint reports improved retrieval across 650M tokens of enterprise records

Researchers report that MegaMem, a system for retrieving evidence for language models, improved the Overall score on EnterpriseRAG-Bench from 68.22 to 82.26 and reached 86.50 Correctness. The benchmark contains more than 500,000 e...

Security AI

Preprint reports 97% accuracy classifying software supply chain threats

Researchers report 97% accuracy and 97% macro F1 for a GPT-4 framework that classifies open-source software supply chain threats into five attack categories. Their preprint uses 999 verified incidents spanning 2018 to 2026 across ...

AI Science

Researchers report lower-cost training for LLM information gathering

Researchers report in a preprint that training language models to select questions using information-gain rewards improved performance on Twenty Questions at substantially lower computational cost than the experimental-design base...