Nvidia backs AI data center startup Nscale as it hits $14.6 billion valuation
CNBC
Nscale has become a key player in the AI infrastructure buildout
AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues.
The Series C featured Nvidia and was led by Aker ASA and 8090 Industries. Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia and Point72 also participated.
Nscale is also announcing three new directors on its board, including former Meta COO Sheryl Sandberg, former UK deputy prime minister and Meta executive Nick Clegg and former Yahoo President Susan Decker.
Social media firms need to use better age verification technologies to keep children off their platforms, the U.K.'s Information Commissioner's Office said.
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Amazon asked the FCC for a waiver or 24-month extension to meet a July 2026 deadline to deploy 1,600 internet satellites.
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Microsoft threw its support behind Anthropic and advocated for a temporary restraining order to the Pentagon's supply chain risk designation.
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The announcement comes on the back of a bumper start to the week for European AI companies.
Oracle's $300 billion deal with OpenAI established it as a major player in AI cloud computing alongside Amazon, Google and Microsoft.
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