Originally published on AI Tech Connect.
What the numbers actually say Nscale is a London-headquartered AI infrastructure company — a neocloud, in the term the sector has settled on for outfits that rent accelerated compute without carrying a general-purpose cloud behind it. According to Bloomberg, it is preparing a US initial public offering as early as September 2026, with Goldman Sachs and JPMorgan steering the deal, a reported raise of around $3bn and a reported target valuation of up to $25bn. Those last three figures are reported rather than confirmed, and should be read as such until a prospectus says otherwise. The number the company has put in front of prospective investors is the eye-catching one: around $51bn in total contracted revenue. It is a real figure describing real signatures. It is also, in the strict sense,…
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