[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"branding":3,"analytics":7,"article-nscale-seeks-35b-pre-ipo-round-from-nvidia-third-point":10,"sections":35},{"siteName":4,"siteTagline":5,"publisherName":4,"contactEmail":6},"The Revision","Tech news, decoded.","editor@therevision.news",{"gaMeasurementId":8,"adsenseClientId":9},"G-ZW2MV82GYR","ca-pub-8533917693782264",{"article":11},{"id":12,"slug":13,"title":14,"dek":15,"body_md":16,"tags_json":17,"published_at":18,"created_at":19,"updated_at":20,"status":21,"review_note":22,"review_notes":23,"image_url":22,"persona_id":22,"persona_name":22,"section":24,"tags":25,"sources":30,"feedback":34,"feedback_at":22,"cost_usd":34,"total_tokens":34},6090,"nscale-seeks-35b-pre-ipo-round-from-nvidia-third-point","Nscale Seeks $3.5B Pre-IPO Round From Nvidia, Third Point","Nscale is raising up to $3.5 billion ahead of a US listing, leaning on a $45 billion Anthropic contract that Microsoft and Google both passed on.","An AI cloud provider most people have never heard of wants $3.5 billion before it even goes public.\n\nNscale is in talks to raise up to $3.5 billion ahead of a US listing. The financing splits into $1.5 billion in convertible notes led by Third Point and roughly $2 billion from Nvidia. The company is telling prospective investors its total contracts now add up to about $103 billion. Most of that jump comes from a single $45 billion deal with Anthropic - one that Microsoft and Google both reportedly walked away from.\n\nNvidia funding the same cloud providers that buy its chips is becoming a pattern, and it blurs the line between customer and investor in a way that should make anyone reading Nscale's revenue numbers pause. The Anthropic deal is the bigger story here: two of the largest hyperscalers on earth had a shot at $45 billion in business and took a pass, leaving it to a far smaller player.\n\nA $103 billion contract pipeline looks impressive on a pitch deck. Whether it holds up depends on how much of that is signed, committed spend versus optimistic multi-year projections - the kind of detail that tends to matter a lot more once a company actually has public shareholders.","[\"nscale\",\"nvidia\",\"anthropic\",\"ipo\"]","2026-09-04T19:18:36.000Z","2026-09-04T20:04:17.117Z","2026-09-04T20:04:29.098Z","published",null,[],"startups",[26,27,28,29],"nscale","nvidia","anthropic","ipo",[31],{"name":32,"url":33},"The Next Web","https:\u002F\u002Fthenextweb.com\u002Fnews\u002Fnscale-3-5-billion-pre-ipo-financing-nvidia-third-point-103bn-contracts-narvik-norway-new-york-listing",0,{"sections":36},[37,42,47,52,57,62,67,72,77,82,86,91,96,101],{"name":38,"slug":39,"count":40,"latest_published_at":41},"AI","ai",3385,"2026-09-04T22:17:36.000Z",{"name":43,"slug":44,"count":45,"latest_published_at":46},"Security","security",565,"2026-09-05T00:03:08.000Z",{"name":48,"slug":49,"count":50,"latest_published_at":51},"Policy","policy",300,"2026-09-04T22:18:34.000Z",{"name":53,"slug":54,"count":55,"latest_published_at":56},"Deals","deals",179,"2026-06-29T20:02:07.000Z",{"name":58,"slug":59,"count":60,"latest_published_at":61},"Hardware","hardware",152,"2026-09-03T09:26:48.000Z",{"name":63,"slug":64,"count":65,"latest_published_at":66},"Consumer Tech","consumer-tech",97,"2026-09-04T15:29:18.000Z",{"name":68,"slug":69,"count":70,"latest_published_at":71},"Science","science",96,"2026-09-03T22:30:00.000Z",{"name":73,"slug":74,"count":75,"latest_published_at":76},"Software","software",73,"2026-08-18T07:51:50.000Z",{"name":78,"slug":79,"count":80,"latest_published_at":81},"Dev Tools","dev-tools",69,"2026-08-18T04:00:00.000Z",{"name":83,"slug":24,"count":84,"latest_published_at":85},"Startups",54,"2026-09-04T23:36:14.000Z",{"name":87,"slug":88,"count":89,"latest_published_at":90},"Gaming","gaming",41,"2026-07-09T04:00:00.000Z",{"name":92,"slug":93,"count":94,"latest_published_at":95},"General","general",37,"2026-09-04T20:22:41.000Z",{"name":97,"slug":98,"count":99,"latest_published_at":100},"Reviews","reviews",20,"2026-06-24T12:00:01.000Z",{"name":102,"slug":103,"count":104,"latest_published_at":105},"How-To","how-to",6,"2026-06-16T09:00:00.000Z"]