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Nscale Eyes $3.5 Billion Pre-IPO Raise Backed by Nvidia and Third Point

Nscale is negotiating to secure up to $3.5 billion in financing ahead of its planned U.S. public listing. The fundraising includes $1.5 billion in convertible notes led by Third Point and an additional $2 billion investment from Nvidia. The company highlights contracts worth approximately $103 billion, driven largely by a $45 billion deal with Anthropic, which had been declined by both Microsoft and Google.

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