Nscale Ditches ByteDance Deal in Rush to $35 Billion IPO

Nvidia-backed Nscale is pushing for a $35 billion IPO, reportedly burying a deal with ByteDance in the process.

The Chinese social media company had been in talks to invest in the US-based technology firm, but Nscale appears to have prioritized its public listing over this potential partnership.

Nvidia has been instrumental in backing Nscale's efforts to go public, with the chipmaker providing significant funding and resources for the IPO process. However, it remains unclear whether ByteDance's deal was a key factor in Nscale's decision to pursue a $35 billion valuation.