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Fortune
Fortune
Jim Edwards

Money-losing Nscale’s $35 billion IPO includes a $3 billion deal with Nvdia and ‘going concern’ worries

Nscale IPO
Photo: Josh Payne (Credit: Charlotte Hadden—The New York Times/Redux)

Good morning. On Fortune’s radar today:

  • Nscale’s $35 billion IPO
  • Markets: Bitcoin shows signs of life
  • There was a $62 billion wave of stock-buying before the Fed’s last call
  • The internet is now half-written by robots
  • AI’s $3.6 trillion circular financing network
  • Sydney Sweeney owns equity in Novig
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