- Nscale is pushing toward a $35bn IPO with Nvidia's backing, but its pitch to public-market investors does not prominently name ByteDance, which was the AI cloud provider's largest customer last year.
- ByteDance, described as a Chinese tech giant, represented significant customer concentration for Nscale before the IPO, and the omission from the investor pitch raises disclosure concerns.
Quotes
“Chinese tech giant was AI cloud provider’s largest customer last year but is not prominently named in pitch to stock market investors”