AI fever sees Nscale raise $1.1 billion to fund hyperscale ambitions
Nokia, Nvidia, Deutsche Telekom and Dell are among a group of investors that have backed budding European hyperscaler Nscale to the tune of $1.1 billion.
The series B funding round is the largest in European history according to Nscale, and furnishes it with the requisite cash to push on with its global deployment of AI factories – data centres crammed with the graphics processing units (GPUs) needed to handle AI workloads.