Nvidia-Backed Nscale Pushes Ahead With Multibillion IPO

CyrusOne, a data center operator owned by KKR and BlackRock's Global Infrastructure Partners, is preparing for what could be one of the largest IPOs next year by interviewing investment banks. The company was taken private in early 2022 for $15 billion. The IPO would allow the private equity owners to cash out while enabling CyrusOne to pay down debt accumulated during data center expansion.

Moonshot AI released Kimi K3 on July 27, 2026, a 2.8 trillion parameter open-weight model that is the first in its class to reach 3 trillion parameters. The model uses a Mixture of Experts architecture with 896 experts, activating only 16 per token for 104 billion active parameters per forward pass. AWS published a deployment guide covering two approaches: Amazon SageMaker HyperPod and Amazon EKS, enabling organizations to self-host the model on their own infrastructure.

Xsight, an Israeli server networking and storage chip startup, raised $300 million at a $2.8 billion valuation in its first major funding round in five years. Led by Fidelity Investments with participation from Atreides Management, Valor Equity Partners, Battery Ventures, and Intel Capital, the round reflects investor appetite for networking infrastructure that connects GPUs in data centers. The funding follows recent rounds for competing networking startups Eliyan and Upscale AI, signaling a broader market opportunity beyond GPU chips themselves.

Nscale, a British AI neocloud company, is acquiring Anyscale, a software startup that helps organizations scale AI workloads across distributed data centers and servers. The deal represents Nscale's effort to expand its control over the AI compute stack by integrating workload scaling capabilities. Financial terms were not disclosed in the announcement.