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[NVIDIA’s “British version of Oracle” is aiming for a U.S. IPO with a target valuation of US$35 billion] On September 20, Nscale, a British AI cloud service provider in which NVIDIA participated, has submitted an S-1 registration statement to the US SEC and plans to list on the New York Stock Exchange, planning to seek a valuation of up to US$35 billion. Nscale was spun off from the cryptocurrency mining company in 2024. NVIDIA is its GPU supplier, customer and investor. NVIDIA has invested more than US$2 billion in it and signed a US$1.2 billion capacity lease agreement.
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