UK AI neocloud Nscale raises $3.36B convertible financing ahead of US IPO

British AI neocloud Nscale secured $3.36B in convertible note financing ahead of its US IPO, led by Third Point, with $2.36B immediately available and $1B more from Nvidia in mid-November. The company has amassed over $103B in contracts and is expected to be valued at $35B on the NYSE.

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