TNW | Investors-funding
Nscale’s debt hits $5.5bn as it leans harder on Nvidia ahead of its IPO
Nscale’s IPO filing shows its Anthropic campus alone needs at least $30bn more. Nvidia’s share of its convertible financing is $2bn, twice what was first disclosed.
By TNW | Investors-funding
Excerpt shared by Lazyfounder
·Excerpt
Nscale has told US regulators it will need more money to keep growing. The British AI cloud company made the warning in an amended IPO prospectus, filed on Thursday ahead of its planned stock market listing.
Its total debt stood at $5.5bn on 30 September, according to preliminary figures in the filing. That is…
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