Data centre provider Nscale to supply at least $3.5bn of compute to Figure AI, becomes shareholder in humanoid robot maker

The London AI cloud firm is raising $3.5B pre-IPO and telling investors its contracts total $103B, double the figure reported four weeks ago.

Nscale is negotiating $3.5B in pre-IPO funding from Third Point and Nvidia, with a US listing that could value the AI infrastructure firm at $30