British AI neocloud Nscale secures $3.36B in convertible financing. Nscale has raised the capital ahead of a planned US IPO, with backing from Third Point, Nvidia and other investors. The deal will fund the company’s large-scale AI data center buildout. Key takeaway: Europe’s AI infrastructure market is moving from early-stage funding into capital-intensive scale-up mode, with global capital now chasing companies that can build physical compute capacity. 🔗 https://techcrunch.com/ #Startup #Funding #EuropeanTech