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Nscale secures $3.36B in convertible financing led by Third Point ahead of its US IPO, with $2.36B available immediately and $1B from Nvidia in November (Marina Temkin/TechCrunch)

Marina Temkin / TechCrunch : Nscale secures $3.36B in convertible financing led by Third Point ahead of its US IPO, with $2.36B available...

23 January 2025

Sources: Sam Altman told some colleagues that OpenAI and SoftBank will each commit $19B to Stargate, and OpenAI would effectively hold a 40% interest in the JV (The Information)

The Information:
Sources: Sam Altman told some colleagues that OpenAI and SoftBank will each commit $19B to Stargate, and OpenAI would effectively hold a 40% interest in the JV  —  OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund a joint venture to develop data centers …

Posted from: this blog via Microsoft Power Automate.

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