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British AI neocloud company Nscale has secured $3.36 billion in convertible financing from investors including Third Point and Nvidia ahead of a planned U.S. IPO. The funding will support Nscale's large-scale buildout of AI data center capacity as demand for AI compute continues to surge globally. The raise underscores investor appetite for AI infrastructure providers and positions Nscale as a significant new player competing for a share of the booming AI cloud market.