AI compute provider Nscale is looking for $3.5B in pre-IPO financing

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Nscale is seeking a massive $3.5 billion pre-IPO funding round to scale its infrastructure. This follows a gargantuan $45 billion partnership with Anthropic, highlighting the desperate need for dedicated compute clusters in the AGI arms race. The deal signals that massive, specialized clouds are starting to rival Big Tech for the AI workload crown.