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Market Chatter: Microsoft to Rent Norway Data-Center Capacity Initially Set for OpenAI

-- Microsoft (MSFT) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported Tuesday, citing Nscale and people familiar with the initial discussions.

Microsoft will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said.

Microsoft and OpenAI did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $394.25, Change: $+9.88, Percent Change: +2.57%

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