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London-based AI cloud infrastructure firm Nscale is in advanced discussions to secure up to $3.5 billion in pre-IPO financing, with significant commitments anticipated from tech giant Nvidia and hedge fund Third Point.
Nscale, a London-based AI data center company, has secured $2 billion in funding from investors including Nvidia, boosting its valuation to $14.6 billion. Adding to its momentum, former Meta COO Sheryl Sandberg will join Nscale's board as an adviser. Led by former coal miner Josh Payne, Nscale is rapidly expanding its infrastructure to meet the surging demand for AI computing power from clients like Microsoft and OpenAI.
