Nscale Ltd. ’s contracts to deliver computing power have more than doubled in value since a funding round in March, according to a note to staff from its chief executive officer, as the AI cloud computing company faces pushback from investors on its IPO valuation target. “We have more than $100 billion in contracted revenue with some of the largest and most important AI companies in the world, and yet demand still remains insatiable for our services,” said Josh Payne , Nscale’s 32-year-old founder, in an internal email dated Tuesday and seen by Bloomberg News.
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