Nscale Just Raised $2 Billion — And Neoclouds Are the Real AI Gold Rush
Everyone’s talking about the latest AI models. The chatbots. The agents. The demos that make your jaw drop. But here’s the thing nobody at your dinner party is discussing: none of it works without an absurd amount of GPU compute, and a scrappy UK startup just raised the largest single equity round in European history to make sure that compute exists. On Monday, Nscale announced a $2 billion Series C at a $14.6 billion valuation — more than doubling its Series B from just six months ago. The round was led by Norway’s Aker ASA and 8090 Industries, with participation from Nvidia, Dell, Citadel, Jane Street, Lenovo, Nokia, and Point72. ...