Nscale wants a $35 billion valuation. Nvidia is helping foot the bill

September 24, 2026
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Welcome to Eye on AI. Beatrice Nolan here. In today’s issue:

Another day, another billion-dollar IPO.

This time it’s Nscale, the Nvidia-backed “neocloud” that filed for a New York listing last week at a valuation of up to $35 billion, according to the Financial Times.

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