British AI neocloud Nscale secured $3.36B in convertible financing. The round was led by Third Point and Nvidia, and the company says the capital will support its AI infrastructure buildout ahead of a planned US IPO. The move underscores how European AI infrastructure firms are attracting mega-rounds as demand for compute keeps rising. Key takeaway: Big capital is concentrating in the infrastructure layer, not just model builders, as investors back companies that can supply the picks-and-shovels of the AI boom. 🔗 https://eu.techcrunch.com/ #Funding #EuropeanTech #SaaS