AI cloud computing firm Nscale is looking to sell up to $1.5 billion of convertible notes to a group of investors ahead of its planned initial public offering, Bloomberg reported Friday, citing people familiar with the matter.

The London-based company is also trying to secure about $2 billion in financing from Nvidia (NVDA), the report said, citing one of the people.

Nscale didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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