Microsoft Signs Major Agreement With Nscale and Aker Worth $6.2 Billion

Microsoft Corporation (NASDAQ:MSFT) is one of the 10 Best AI Stocks to Buy According to Goldman Sachs. On September 17, Microsoft Corporation (NASDAQ:MSFT) announced an agreement with AI hyperscaler Nscale and Aker worth $6.2 billion.

The three companies are collaborating on a project to provide sustainable AI infrastructure for all of Europe. The deal between Microsoft, Nscale, and Aker will revolutionize the new build-out of renewable, scalable next-generation AI infrastructure in Northern Norway. The 5-year agreement will focus on meeting the exponentially growing demand in the region. The agreement will begin to deliver services in stages, starting in 2026. The project will offer advanced AI infrastructure powered entirely by renewable energy in a secure grid capacity.

“We are incredibly excited for what this means for our customers, in Norway and across Europe, providing the latest and most advanced AI services from Microsoft. It is inspiring to see how Nscale and Aker are building cutting-edge, sustainable AI infrastructure, and adding this facility to our comprehensive Microsoft cloud offering in Europe demonstrates our unwavering commitment to customers on the continent,” said Jon Tinter, president of business development and ventures for Microsoft.

The location is full of abundant hydropower and will assist the production of large-scale datacenter operations at affordable energy prices, supported by a cool climate and established industrial infrastructure.

Microsoft Corporation (NASDAQ:MSFT) is a technology giant with its leading services in AI. The company integrates AI across its cloud, software, and developer tools and offers AI services and infrastructure.

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Disclosure: None. This article is originally published at Insider Monkey.