AI computing service provider Nscale is seeking $3.5 billion in pre-IPO funding, including $2 billion from NVIDIA.
The UK-based AI infrastructure company, which recently secured a $45 billion deal with Anthropic, is reportedly in talks to raise additional funds, with an initial public offering (IPO) expected as early as later this month. Nscale plans to issue $1.5 billion in convertible bonds to investors and secure another $2 billion in funding from NVIDIA, which previously participated in the company's Series B funding round.
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