Norway – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 01 Aug 2025 18:40:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Norway – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 OpenAI Teams Up with Nscale and Aker to Launch Stargate Norway https://earlybirdsinvest.com/openai-teams-up-with-nscale-and-aker-to-launch-stargate-norway/ https://earlybirdsinvest.com/openai-teams-up-with-nscale-and-aker-to-launch-stargate-norway/#respond Fri, 01 Aug 2025 18:40:26 +0000 https://earlybirdsinvest.com/openai-teams-up-with-nscale-and-aker-to-launch-stargate-norway/

OpenAI has announced plans to use a new data center in northern Norway to support its artificial intelligence (AI) operations in Europe.

The facility, called Stargate Norway, will be developed in partnership with British tech firm Nscale and Norwegian energy company Aker.

The center will be built near the town of Narvik, an area known for its access to renewable energy, cold weather, and strong industrial setup. These factors help lower energy costs and improve efficiency, especially for cooling large amounts of hardware.

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The data center will run on renewable power and use a liquid cooling system to keep equipment at the right temperature. Extra heat from the machines will be shared with local businesses that rely on low-emission energy.

Stargate Norway will be owned by a joint venture between Nscale and Aker, with both companies holding equal shares. OpenAI will not own the facility but will buy computing power from it.

The company said the setup allows it to meet demand in Europe without building and running the center itself.

OpenAI expects the data center to start with 230 megawatts of power and plans to grow that to 290 megawatts. By the end of 2026, the goal is to have 100,000 NVIDIA graphics units installed.

Nscale and Aker have each committed about $1 billion for the first phase of the project.

On July 22, OpenAI partnered with Oracle to boost its AI computing capacity by an additional 4.5 gigawatts. What did CEO Sam Altman say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Norway eyes crypto mining ban amid local firms’ heavy investments in Bitcoin https://earlybirdsinvest.com/norway-eyes-crypto-mining-ban-amid-local-firms-heavy-investments-in-bitcoin/ https://earlybirdsinvest.com/norway-eyes-crypto-mining-ban-amid-local-firms-heavy-investments-in-bitcoin/#respond Sat, 21 Jun 2025 21:38:17 +0000 https://earlybirdsinvest.com/norway-eyes-crypto-mining-ban-amid-local-firms-heavy-investments-in-bitcoin/

Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20.

According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns.

The government says the aim is to preserve electricity for more productive uses.

Karianne Tung, Norway’s Minister for Digitalization and Public Administration, said authorities want to reduce crypto mining activity as much as possible. She added that these operations offer limited economic benefit, bringing in few jobs or tax revenue, despite consuming large volumes of energy.

Meanwhile, this stance puts Norway at odds with a growing number of countries turning to Bitcoin mining to utilize surplus energy and boost national income.

Notably, countries like El Salvador, Belarus, and Pakistan have embraced state-backed mining programs, which support local economies, help stabilize energy grids, and lower electricity costs for citizens.

Norwegian firm embraces Bitcoin

While the government is pushing back against mining, Norwegian companies are deepening their involvement in Bitcoin.

Data from Nordics Bitcoin reveals that Aker ASA, a major industrial holding company, currently holds 754 BTC, valued at over $80 million, making it the country’s largest corporate holder of the asset.

Nordic Bitcoin Treasuries
Nordic Bitcoin Treasuries (Source: X/Steve Platz)

Crypto-focused firm K33 has also increased its accumulation, acquiring 25 BTC this year and signaling plans to increase its holdings to 1,000 BTC.

Meanwhile, the Norwegian Block Exchange recently purchased 6 BTC and expects to expand its reserve to 10 BTC by the end of June as part of an exploratory initiative.

These moves suggest that Bitcoin continues to gain traction as a treasury asset among Norwegian firms despite the political headwinds.

The corporate interest aligns with a global trend that has seen the top crypto become a prominent player in the international financial system.

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Norway plans to temporarily ban new Bitcoin and crypto mining centres to save energy https://earlybirdsinvest.com/norway-plans-to-temporarily-ban-new-bitcoin-and-crypto-mining-centres-to-save-energy/ https://earlybirdsinvest.com/norway-plans-to-temporarily-ban-new-bitcoin-and-crypto-mining-centres-to-save-energy/#respond Sat, 21 Jun 2025 04:00:06 +0000 https://earlybirdsinvest.com/norway-plans-to-temporarily-ban-new-bitcoin-and-crypto-mining-centres-to-save-energy/

Today, the Norwegian government announced plans to introduce a temporary ban on the establishment of new Bitcoin and cryptocurrency mining data centres.

The government concluded that it would be better to redirect electricity to other industries and economic sectors, and that national interests would be better.

“The Labour government has a clear intention to limit the mining of Norwegian cryptocurrency as much as possible,” said Minister of Digitalization and Administration Khalian Tun.

The ruling Labour Party believes the future ban will be attributed to excessive electricity consumption from electricity-intensive Bitcoin and crypto mining businesses.

“Cryptocurrency mining is a huge amount of electricity that rarely interferes with community work or income,” she added.

According to the government, “a temporary ban could be introduced in the fall of 2025.”

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OpenAI’s o3 scores 136 on Mensa Norway test, surpassing 98% of human population. https://earlybirdsinvest.com/openais-o3-scores-136-on-mensa-norway-test-surpassing-98-of-human-population/ https://earlybirdsinvest.com/openais-o3-scores-136-on-mensa-norway-test-surpassing-98-of-human-population/#respond Thu, 17 Apr 2025 15:12:03 +0000 https://earlybirdsinvest.com/openais-o3-scores-136-on-mensa-norway-test-surpassing-98-of-human-population/

OpenAI’s new “o3” language model achieved an IQ score of 136 on a public Mensa Norway intelligence test, exceeding the threshold for entry into the country’s Mensa chapter for the first time.

The score, calculated from a seven-run rolling average, places the model above approximately 98 percent of the human population, according to a standardized bell-curve IQ distribution used in the benchmarking.

o3 Mensa scores (Source: TrackingAI.org)
o3 Mensa scores (Source: TrackingAI.org)

The finding, disclosed through data from independent platform TrackingAI.org, reinforces the pattern of closed-source, proprietary models outperforming open-source counterparts in controlled cognitive evaluations.

O-series Dominance and Benchmarking Methodology

The “o3” model was released this week and is a part of the “o-series” of large language models, accounting for most top-tier rankings across both test types evaluated by TrackingAI.

The two benchmark formats included a proprietary “Offline Test” curated by TrackingAI.org and a publicly available Mensa Norway test, both scored against a human mean of 100.

While “o3” posted a 116 on the Offline evaluation, it saw a 20-point boost on the Mensa test, suggesting either enhanced compatibility with the latter’s structure or data-related confounds such as prompt familiarity.

The Offline Test included 100 pattern-recognition questions designed to avoid anything that might have appeared in the data used to train AI models.

Both assessments report each model’s result as an average across the seven most recent completions, but no standard deviation or confidence intervals were released alongside the final scores.

The absence of methodological transparency, particularly around prompting strategies and scoring scale conversion, limits reproducibility and interpretability.

Methodology of testing

TrackingAI.org states that it compiles its data by administering a standardized prompt format designed to ensure broad AI compliance while minimizing interpretive ambiguity.

Each language model is presented with a statement followed by four Likert-style response options, Strongly Disagree, Disagree, Agree, Strongly Agree, and is instructed to select one while justifying its choice in two to five sentences.

Responses must be clearly formatted, typically enclosed in bold or asterisks. If a model refuses to answer, the prompt is repeated up to ten times.

The most recent successful response is then recorded for scoring purposes, with refusal events noted separately.

This methodology, refined through repeated calibration across models, aims to provide consistency in comparative assessments while documenting non-responsiveness as a data point in itself.

Performance spread across model types

The Mensa Norway test sharpened the delineation between the truly frontier models, with the o3’s 136 IQ marking a clear lead over the next highest entry.

In contrast, other popular models like GPT-4o scored considerably lower, landing at 95 on Mensa and 64 on Offline, emphasizing the performance gap between this week’s “o3” release and other top models.

Among open-source submissions, Meta’s Llama 4 Maverick was the highest-ranked, posting a 106 IQ on Mensa and 97 on the Offline benchmark.

Most Apache-licensed entries fell within the 60–90 range, reinforcing the current limitations of community-built architectures relative to corporate-backed research pipelines.

Multimodal models see reduced scores and limitations of testing

Notably, models specifically designed to incorporate image input capabilities consistently underperformed their text-only versions. For instance, OpenAI’s “o1 Pro” scored 107 on the Offline test in its text configuration but dropped to 97 in its vision-enabled version.

The discrepancy was more pronounced on the Mensa test, where the text-only variant achieved 122 compared to 86 for the visual version. This suggests that some methods of multimodal pretraining may introduce reasoning inefficiencies that remain unresolved at present.

However, “o3” can also analyze and interpret images to a very high standard, much better than its predecessors, breaking this trend.

Ultimately, IQ benchmarks provide a narrow window into a model’s reasoning capability, with short-context pattern matching offering only limited insights into broader cognitive behavior such as multi-turn reasoning, planning, or factual accuracy.

Additionally, machine test-taking conditions, such as instant access to full prompts and unlimited processing speed, further blur comparisons to human cognition.

The degree to which high IQ scores on structured tests translate to real-world language model performance remains uncertain.

As TrackingAI.org’s researchers acknowledge, even their attempts to avoid training-set leakage do not entirely preclude the possibility of indirect exposure or format generalization, particularly given the lack of transparency around training datasets and fine-tuning procedures for proprietary models.

Independent Evaluators Fill Transparency Gap

Organizations such as LM-Eval, GPTZero, and MLCommons are increasingly relied upon to provide third-party assessments as model developers continue to limit disclosures about internal architectures and training methods.

These “shadow evaluations” are shaping the emerging norms of large language model testing, especially in light of the opaque and often fragmented disclosures from leading AI firms.

OpenAI’s o-series holds a commanding position in this testing workflow, though the long-term implications for general intelligence, agentic behavior, or ethical deployment remain to be addressed in more domain-relevant trials. The IQ scores, while provocative, serve more as signals of short-context proficiency than a definitive indicator of broader capabilities.

Per TrackingAI.org, additional analysis on format-based performance spreads and evaluation reliability will be necessary to clarify the validity of current benchmarks.

With model releases accelerating and independent testing growing in sophistication, comparative metrics may continue to evolve in both format and interpretation.

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Posted In: AI, Technology
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$87 Million Crypto Scam Exposed, Norway Charges Four Suspects https://earlybirdsinvest.com/87-million-crypto-scam-exposed-norway-charges-four-suspects/ https://earlybirdsinvest.com/87-million-crypto-scam-exposed-norway-charges-four-suspects/#respond Mon, 24 Feb 2025 07:14:43 +0000 https://earlybirdsinvest.com/87-million-crypto-scam-exposed-norway-charges-four-suspects/

Norwegian authorities have prosecuted four men in connection with a large-scale investment scam that allegedly defrauded investors of NOK 963 million ($86.5 million) between March 2015 and November 2018.

According to Økokrim, Norway’s economic crime agency, the operation worked by encouraging people to buy “product packages” containing digital assets. However, the only money flowing in came from new investors, making it a classic Ponzi scheme.

Prosecutors claim more than NOK 700 million ($62.7 million) was laundered through a Norwegian investment firm before being transferred to accounts in several Asian countries.

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The four accused are Norwegian men in their 50s, 60s, and 70s. Three are suspected of collecting money from investors, while the fourth is accused of handling the laundering process.

Among the accused is Terje Hvidsten, a former art dealer with previous fraud convictions. Another suspect, Dag Hætta Eriksen, also has a criminal record related to fraud and corruption. The remaining two suspects include a 52-year-old from Romerike, who denies any wrongdoing, and a 70-year-old former lawyer accused of laundering funds.

The scheme operated under different names, including Crypto888 Club, Octa Partners, and Nano Club. Each rebranding introduced a new cryptocurrency—OctaCoin, NanoCoin, and Ormeus Coin.

State Prosecutor Joakim Ziesler Berge described the case as a serious and widespread fraud, stating that “a great many victims in many countries have lost their money, and significant sums have ended up with the defendants”.

Recently, Australian police arrested four people tied to crypto ATM break-ins and trading card thefts. How did the case go? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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