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Nvidia-backed AI cloud provider Nscale is considering postponing its planned New York Stock Exchange listing until next year. The potential IPO valued the company at about $35 billion. Microsoft declined an option to expand its Texas capacity deal with Nscale, adding pressure.
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Summary by ByteBrief

Inside the make-or-break AI mega-project behind Nscale's $35bn IPO

Sources: Microsoft rejects an option to more than double its Texas data center contract with Nscale, dealing a fresh blow to Nscale's ambitions for a $35B IPO (Financial Times)

China Halts OPay $304M US IPO