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U.S. President Donald Trump reacts as he and the President of Poland Karol Nawrocki (not pictured) meet in the Oval Office at the White House in Washington, D.C., U.S., September 3, 2025. Brian Snyder | Reuters The U.S. administration struck out at Norway’s $2 trillion wealth fund, saying it was “very troubled” by the recent … Read more
NEW YORK, NY – JUNE 28: People walk along 6th Avenue in front of One World Trade Center during a street festival on June 28, 2025, in New York City. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Corbis News | Getty Images Norway’s $2 trillion sovereign wealth fund intends to invest more than half … Read more
Russian hackers briefly hijacked a dam in Norway in early April and spilled millions of gallons of water before the attack was stopped, Norway’s spy chief revealed Thursday. The hackers opened a floodgate at the Bremanger dam in western Norway to release the equivalent of about three Olympic-sized swimming pools of water during the four … Read more
OpenAI said Thursday that it plans to launch Stargate Norway, its first AI data center in Europe, in partnership with British AI cloud infrastructure provider Nscale and Norwegian energy infrastructure firm Aker. Nscale will design and build the site, and it will be a 50/50 joint venture between the two companies. OpenAI will be an … Read more
Jaque Silva| Nurphoto | Getty Images OpenAI on Thursday said it is launching a Stargate-branded AI data center in Norway, marking its first foray into Europe with such a project. British firm Nscale will design and build the site as part of a 50-50 joint venture with Norwegian energy infrastructure firm Aker. OpenAI will be … Read more
Of all the world’s sovereign wealth funds, Norway’s is one of the most unusual. These giant, state-linked investment vehicles tend to pick and choose what assets they hold to manage risk, maximize returns and further national strategic interests. Not so with Norges Bank Investment Management, which largely tracks global indexes in order to generate an … Read more
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — Electric vehicles are pretty much everywhere you look in Norway. The wealthy Nordic country, … Read more
Norway’s largest private pension fund has excluded two defense companies from its portfolio, citing their ties to the Israeli military and the war in Gaza. KLP Pension, which oversees about $114 billion, said in a statement on Monday that it won’t invest in Oshkosh Corp. or ThyssenKrupp AG because they sell weapons to the Israeli … Read more
Norway will temporarily ban the launch of new crypto mining data centers in an effort to reduce energy usage. Norway is cracking down on energy-intensive crypto mining operations. On Friday, June 20, the Norwegian government announced a temporary ban on new data centers that mine crypto. The ban, which will take effect in August, is … Read more
Key Takeaways Norway plans to temporarily ban new power-intensive crypto mining data centers to preserve electricity for other industries. Some miners in Norway are adopting sustainable solutions like heat recycling, despite increased restrictions. Share this article The Norwegian government said Friday that it intends to temporarily block the establishment of new data centers that engage … Read more
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