Nvidia-Backed AI Data Center Firm Nscale Files for IPO

Nscale, an AI data infrastructure company supported by Nvidia and Microsoft, has filed for an IPO to fund equipment purchases for AI computing needs. A spinoff from crypto mining firm Arkon Energy, Nscale reported $140.6 million in revenue and a $1.02 billion net loss for the six months ending June 30. The company recently announced the acquisition of Anyscale, whose clients include Coinbase.