Nscale, an AI data center backed by Nvidia, has confidentially filed for an IPO

Odaily News: Nscale, an AI data center development company partnered with Nvidia and Microsoft, has publicly filed for an IPO with the U.S. Securities and Exchange Commission (SEC) to raise funds for purchasing equipment and meeting the growing demand for AI computing power.

Disclosure documents show that for the six months ended June 30, Nscale's revenue was $140.6 million, with a net loss of $1.02 billion; in the same period last year, revenue was only $10.4 million, with a net loss of $368.9 million. (Bloomberg)