British AI neocloud Nscale secures $3.36B in convertible financing. The deal comes as the London-based company prepares for a potential U.S. IPO. TechCrunch says the financing underscores investor appetite for European AI infrastructure plays, even as the market stays concentrated in a small number of scale-up names. Key takeaway: Big-ticket financing is still flowing to breakout European AI companies, but only for firms with clear scale, capital intensity and IPO optionality. 🔗 https://sifted.eu/ #Fintech #Startup #AI