Nvidia-Backed Nscale Is Said to Eye $2 Billion Funding Round

Data center company Nscaleis in talks with investors to raise about $2 billion, according to people familiar with the matter, a little over three months after closing its last funding round.

The artificial intelligence hyperscaler is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on the fundraising, the people said, asking not to be identified discussing confidential information. UK-based Nscale raised more than $1.5 billion across a pair of rounds in September and October, shortly after it announced partnerships with Nvidia Corp. and OpenAI.

Deliberations are ongoing and the company could decide not to proceed ...