Economy · World
Nvidia-backed Nscale eyes $35 billion IPO, ByteDance deal details emerge
Nscale, an AI cloud provider backed by Nvidia, is preparing for an Initial Public Offering (IPO) valued at $35 billion. The company's IPO is significantly reliant on its access to chips from Nvidia. Chinese tech giant ByteDance was Nscale's largest customer in the previous year, according to reports. However, details of this significant deal are not prominently featured in Nscale's pitch to stock market investors.
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- Centre (2): Financial Times, Fortune