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

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

Disclosure documents show that in 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)