Nscale out to prove its worth

Nscale is the latest neocloud heading to Wall Street, listing at an awkward time for AI data centers ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Top Stories Meta’s big day: Mark Zuckerberg introduced three new major products at Meta Connect, spanning camera-free AI glasses, a pebble-sized AI gadget and extremely slim and light VR glasses. Starlink fire: A Starlink base station near Warsaw that helps provide internet to Ukraine caught fire late on Wednesday. Polish authorities suspect it was an intentional effort to disrupt connectivity. Easing small payments: Tencent launched a standalone payment app for foreign visitors to China. It’s called TenPayGo and allows users to pay via WeChat’s payment network with Visa, Mastercard and Apple Pay. It opens access to tens of millions of local merchants. Must Reads EV Sales Are Booming in Europe With Gasoline at $10 a Gallon After years of broadly unsuccessful efforts to wean drivers off combustion engines, sales of electric vehicles are surging in Europe thanks to the jump in fuel prices stoked by geopolitical upheaval. US Energy Chief Warns Oil Industry as Diesel Debate Rages Energy Secretary Chris Wright told oil industry leaders to brace for possible US curbs on diesel exports amid an intensifying debate within the Trump administration over such a move. Busiest-Ever Week for China Ports Gives Glimpse of Tariff Unease Chinese ports had their busiest week in history ahead of the approaching summit between Presidents Donald Trump and Xi Jinping, extending a boom in shipments abroad in a possible sign exporters were rushing goods out of the country as uncertainty hovered over tariffs. Market Snapshot Minimax Group Inc HK$279 +1.5% Meta Platforms Inc $744.10 +1.0% M3 Inc ¥1,730.50 -2.4% Market data as of 06:26 AM ET. Data is subject to provider delays. Your watchlist Beyond The Brief The upcoming Nscale IPO arrives at a jittery time for markets, Mark Bergen writes in today’s Tech In Depth. It will be closely watched as a gauge of confidence in the so-called neocloud sector: companies like Nscale, which promote their technical capabilities and reject the label of being mere AI middlemen. Before You Go... FC Barcelona Readies €300 Million Private Placement to Finish Stadium Revamp FC Barcelona is talking to investors to gauge interest for a private placement of debt to help finish a years-long revamp of its Spotify Camp Nou stadium that’s been mired with delays. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |