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Nscale, Rival Of CoreWeave And Nebius, Files For IPO

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Nscale, a cloud computing rival of CoreWeave (CRWV) and Nebius (NBIS), has filed for an initial public offering in New York. The U.K.-based company filed its S-1 for Nscale stock late Friday and aims to raise up to $3 billion at a valuation of approximately $30 billion. Nscale is among a wave of artificial intelligence “neoclouds.” Neoclouds build data centers…

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