How Nscale’s Unbuilt Data Centers Undercut Its $35 Billion IPO Pitch

T1Covered by 1 source · first reported by The Information (teasers) at 29 Sept, 13:00 UTC

AI chip rental business Nscale, which has filed paperwork indicating its plan to go public, is a puny, relatively new entrant in the neocloud race. At first blush, it looks to hold a lot of promise, posting rapid growth in the past year and boasting a backlog of contracted revenue on par with that…