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[AI cloud computing company Nscale raises US$3.36 billion through convertible notes before IPO] On September 25, Nscale announced that it raised US$3.36 billion through convertible loan notes. This round of financing was led by Third Point, of which US$2.36 billion was in place at closing. Nvidia has committed an additional $1 billion, and the funding will be available by mid-November. Nscale said the company already has more than $103 billion in total contract value.
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