London-based Nscale confirmed IPO plans after announcing a $14B partnership with Microsoft to supply 200,000 Nvidia GPUs. The deal lifts total project value to $23B, marking one of Europe’s largest AI infrastructure expansions.
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00:02N-Scale confirmed plans for initial public offerings and announced a $14 billion partnership with Microsoft, according to CNBC.
00:09CEO Josh Paints had a London-based firm, which provides infrastructure designed to help Artificial Intelligence Scale, plans to go public by late next year.
00:16N-Scale announced an expanded $14 billion partnership with Microsoft, reported by the Financial Times and confirmed by CNBC.
00:23A Microsoft will purchase around 200,000 NVIDIA GB300 GPUs from N-Scale, including previously announced projects in Norway and the UK, creating the total value to roughly $23 billion.
00:34N-Scale's new deal follows a $433 million funding round, and that's less than a month ago, and a $1.1 billion Series B, the largest in Europe.
00:43Investors include Dell, NVIDIA, Nokia, and Blue Owl managed funds.
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