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Nscale seeks $3.5B in pre-IPO financing from Nvidia and Third Point

Nscale targets up to $3.5B ahead of a U.S. listing, while a Reddit user benchmarks 21 Qwen3.8-27B quants on 16GB VRAM.

πŸ“Š BENCHMARKS & EVALS

  • Reddit user benchmarks 21 Qwen3.8-27B quants on 16GB VRAM
    A Reddit user benchmarked 21 Qwen3.8-27B quantizations on a 16GB GPU.
    • The comparison targets local-LLM users running Qwen3.8-27B on 16GB GPUs, including an RTX 5080.
    • The benchmark tested 21 variants against real C code.
    • bartowski/Qwen3.8-27B-IQ4_XS ranked best overall; Huihui-Qwen3.8-27B-abliterated-UD-IQ4_XS ranked best among uncensored variants.
    • The results compare which quantizations fit on 16GB VRAM and how they perform on coding workloads.
    Sources πŸ“Ž Coverage: reddit.com Β· πŸ‘ via r/LocalLLaMA

πŸ’° BUSINESS & FUNDING

  • Nscale seeks $3.5B in pre-IPO financing from Nvidia and Third Point
    Nscale is seeking up to $3.5 billion in pre-IPO financing ahead of a planned U.S. listing.
    • Nscale provides GPU-powered AI compute through its data centers, hardware, and software stack.
    • The company is seeking up to $1.5 billion in convertible notes led by Third Point and about $2 billion from Nvidia.
    • The notes would convert at a double-digit discount to the IPO price, with the conversion price capped at a $30 billion valuation.
    • Nscale has reported roughly $103 billion in contracted business, including a six-year, $45 billion Anthropic computing agreement.
    • The financing would precede Nscale’s planned New York listing, though the investors and deal size remain subject to change.
    Sources πŸ“Ž Coverage: thenextweb.com Β· πŸ‘ via TechCrunch AI

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