AI cloud firm Nscale seeking $3.5B in pre-IPO financing from Nvidia and Third Point

AI cloud firm Nscale is negotiating to raise $3.5B in pre-IPO financing before a US listing. This funding includes $1.5B in convertible notes led by Third Point and approximately $2B from Nvidia. The company is informing investors that its total contracts reach roughly $103B. A significant portion of this growth stems from a $45B deal with Anthropic, an opportunity that both Microsoft and Google previously declined. Nscale continues to prepare for its planned public offering.