Nscale raises $3.4 billion in pre-IPO financing

Nscale recently obtained $3.4 billion in pre-IPO financing as the UK-based AI infrastructure company makes preparations for a U.S. Bloomberg reported Third Point led the convertible note offering, which also drew backing from Nvidia, Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council and 8090 Industries. Earlier this month rumours emerged Nscale was looking to raise up to $3.5 billion before the flotation.