Nscale’s $103 billion contract backlog depends almost entirely on data centers it hasn’t built and Nvidia chips it hasn’t secured. The AI chip rental company may need billions more in financing to deliver on those deals.
Read more: thein.fo/4z5kQ52
thein.fo
How Nscale’s Unbuilt Data Centers Undercut Its $35 Billion IPO Pitch
AI chip rental business Nscale, which has filed paperwork indicating its plan to go public, is a puny, relatively new entrant in the neocloud race. At first blush, it looks to hold a lot of promise, p...