Nscale’s IPO filing shows $5.5bn of debt and a bigger bet on Nvidia
AI-generated summary British AI cloud company Nscale disclosed in an amended IPO prospectus filed with US regulators that its total debt reached $5.5bn on September 30. The filing also shows that Nscale relies on Nvidia as both a shareholder and a chip supplier, with Nvidia committing $2bn in convertible financing.