Artificial intelligence companies are racing to secure one increasingly valuable resource: computing power.
That race has resulted in massive investment in Nvidia (NVDA) processors, data centers, and power. It has also spawned a new breed of specialist cloud providers promising to provide the infrastructure necessary to train and operate ever more advanced AI models.
Now firms are putting a stunning amount behind that demand.
U.K.-based AI infrastructure firm Nscale is telling potential investors that it has about $103 billion in total contracted revenue, according to documents reviewed by The Information and cited by Reuters. The Nvidia-backed startup might launch an initial public offering as early as September.
However, the headline figure comes with a crucial caveat.
#reuters
That race has resulted in massive investment in Nvidia (NVDA) processors, data centers, and power. It has also spawned a new breed of specialist cloud providers promising to provide the infrastructure necessary to train and operate ever more advanced AI models.
Now firms are putting a stunning amount behind that demand.
U.K.-based AI infrastructure firm Nscale is telling potential investors that it has about $103 billion in total contracted revenue, according to documents reviewed by The Information and cited by Reuters. The Nvidia-backed startup might launch an initial public offering as early as September.
However, the headline figure comes with a crucial caveat.
#reuters
19 hours ago
