Nvidia to invest $2bn in UK AI cloud firm Nscale ahead of US IPO
Nvidia is reportedly set to contribute around $2 billion to a $3.5 billion funding round for British AI cloud provider Nscale, which is preparing for a US stock market listing. Goldman Sachs is managing the raise, with hedge fund Third Point participating through convertible notes. The deal mirrors Nvidia's earlier investment in CoreWeave, where the chipmaker backed a major hardware customer, effectively recycling capital back through hardware purchases. Nscale has bolstered its board with high-profile figures including former Meta executives Sheryl Sandberg and Nick Clegg ahead of its public debut. The company's contracted revenue backlog recently surged from $51 billion to over $100 billion, largely driven by a six-year, $45 billion computing agreement signed with AI firm Anthropic in late August.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.


Discussion (0)
Log in to join the discussion and vote.
Log in