AI Cloud Firm Nscale Raises $3.36 Billion Led by Third Point

AI cloud computing company Nscale has secured $3.36 billion in convertible debt financing led by Third Point, with participation from Nvidia, Apollo, Citadel, and others. The initial $2.36 billion tranche has closed, and Nvidia has committed an additional $1 billion to be provided by mid-November 2026. The funds will support the expansion of AI infrastructure, including liquid-cooled data centers and GPU clusters.