Nscale

ByteDance, the Chinese parent company of TikTok, reportedly gained access to more than 2,000 Nvidia B200 AI chips through Nscale's data center operations in Norway, according to a filing. A Singaporean subsidiary reportedly contributed 73% of the UK neocloud provider's 2025 revenue. The arrangement raises fresh questions about how Chinese firms obtain restricted US AI hardware despite export controls.

British data centre startup Nscale is preparing a New York IPO valuing the company at around $35bn, with law firms Latham & Watkins and Milbank taking lead roles on the deal. The listing would mark one of the largest public market debuts by a UK-founded technology company in the United States, underscoring surging investor interest in AI infrastructure and data centre capacity.