Kwenzekeni
U-Nscale, umhlinzeki wengqalasizinda yefu ye-AI ezinze e-London esekelwa yi-Nvidia, udalule amamethrikhi ezezimali anemininingwane ekugcwaliseni kwakhe i-IPO yase-US. Inkampani ibike ukwanda kwemali engenayo okungu-1,252% kuya ku- $ 140.6 wezigidi engxenyeni yokuqala ka-2026, kanye nokulahleka okuphelele kwezigidigidi ezingama- $ 1.02. Ukufakwa kwesicelo kuveza ukukhishwa kwebhondi eguqulekayo engu-$3.1 billion, okuhlanganisa nokutshalwa kwezimali okungu-$1 bhiliyoni okuvela ku-Nvidia, futhi kugqamisa ubungozi bokuhlushwa kwamakhasimende lapho ikhasimende elikhulu lihlanganisa u-52% wemali engenayo. I-Nscale ibheke ukulinganisa cishe kwezigidigidi ezingama-30 zamarandi ohlwini lwayo lwe-NYSE.
U-Nscale, umhlinzeki wamafu waseBrithani osekelwa yi-Nvidia, ufake isicelo ku-IPO yase-US ngoSepthemba 18, eveza ukukhuphuka kwemali engenayo ngo-1,252% engxenyeni yokuqala ka-2026. Le nkampani ibike imali engenayo engu-$140.6 wezigidi ezinyangeni eziyisithupha eziphele ngo-June 30, isuka ku-$10.4 million esikhathini esifanayo ngonyaka odlule. Ngaphandle kwalokhu kukhula, i-Nscale ithumele ukulahlekelwa okuphelele kwezigidigidi ezingu-1.02 zamaRandi, uma kuqhathaniswa nokulahlekelwa kwezigidi ezingu-$368.9 ngonyaka odlule.
Ukufaka imininingwane yokuqoqwa kwemali enkulu ngamabhondi aguqukayo, efinyelela ku-$3.1 billion. U-Nvidia ungumhlanganyeli obalulekile, utshala imali eyizigidi eziyizinkulungwane ezingu-1 kulokhu kukhishwa. I-Nscale ibheke ukulinganisa cishe kwezigidigidi ezingama-30 zamaRandi, okuwukweqa okubalulekile kusuka esilinganisweni sayo samaRandi ayizigidi eziyizinkulungwane eziyi-14.6 emzuliswaneni woxhaso lukaMashi. Inkampani ihlela ukufaka ohlwini lwe-New York Stock Exchange ngaphansi kophawu lwethikha i-NSCL, uGoldman Sachs, u-JP Morgan, no-Morgan Stanley besebenza njengababhali abangaphansi abaholayo.
Imodeli yebhizinisi lika-Nscale igxile ekuhlinzekeni ingqalasizinda ye-AI, okuhlanganisa ikhompuyutha, amandla, nezikhungo zedatha, ezifundeni ezingu-14. Le nkampani yehlise inani layo eliphelele lenkontileka lisuka ku-$100 million laya ngaphezu kuka-$103 billion eminyakeni emibili nengxenye. Ingxenye enkulu yalokhu kukhula isivumelwano sakamuva ne-Anthropic, esivume ukusebenzisa amaRandi ayizigidi eziyizinkulungwane ezingu-45 ukuqasha amandla ekhompyutha ekhempasi yesikhungo sedatha sase-Nscale eWest Virginia.
Kodwa-ke, ukufakwa kwefayela kugqamisa ubungozi obukhulu bokugxila kwamakhasimende. Ikhasimende elikhulu kunawo wonke lakwa-Nscale labalelwa ku-52% wemali engenayo engxenyeni yokuqala ka-2026. I-prospectus ibonisa ukuthi i-Microsoft ne-Anthropic kulindeleke ukuthi zihlale zingamakhasimende amakhulu ezikhathini ezizayo. Lokhu kuncika enanini elilinganiselwe lamakhasimende amakhulu kuyisici esiphawulekayo sobungozi kubatshalizimali abangaba khona.
Imininingwane yomthombo: tbsnews.net ↗
Kungani kubalulekile
Ukufakwa kwefayela kunikeza ubufakazi obuphathekayo bezezimali bokukhuphuka ngokushesha kanye nokuqina kwezimali okuphezulu komkhakha wengqalasizinda ye-AI. Iqinisekisa ukuthi nakuba imali engenayo ikhula ngamandla, ukulahlekelwa kuhlala kukhulu, futhi ukugxila kwamakhasimende kubangela ubungozi obukhulu bokusebenza. Ukuzibandakanya kwe-Nvidia ekukhishweni kwebhondi kugcizelela ukujula kokuhlanganiswa phakathi kwabakhi bamaphuphu nabahlinzeki bamafu. Leli phuzu ledatha libalulekile ekuqondeni ukusebenza komnotho kwabahlinzeki be-'neocloud' kanye nentshisekelo yemakethe ebanzi yokutshalwa kwezimali kwingqalasizinda ye-AI phakathi kwezingcingo zakamuva zokuthi kwehle ukuthuthukiswa kwe-AI.
Imininingwane yezezimali ekugcwaliseni i-IPO ye-Nscale inikeza ukubukeka okungajwayelekile, okuphathekayo kwezomnotho zabahlinzeki bengqalasizinda ye-AI. Ukukhula kwemali engenayo okungu-1,252% kukhombisa isidingo esikhulu somthamo wekhompyutha we-AI, kodwa ukulahleka kwengqikithi yamaRandi ayizigidi eziyizinkulungwane ezingu-1.02 kukhombisa ukusetshenziswa kwezimali ezinkulu ezidingekayo ukuze kusekelwe lokhu kukhula. Lokhu kuguquguquka kuyisisekelo senkulumompikiswano yamanje mayelana nokusimama kokutshalwa kwezimali kwe-AI.
Ukutshalwa kwezimali okungu-$1 bhiliyoni okwenziwa yi-Nvidia kumabhondi aguqulekayo e-Nscale kubonisa ukuqondanisa kwamasu phakathi komenzi we-chip oholayo nomhlinzeki omkhulu wamafu. Lesi sinyathelo siphakamisa ukuthi i-Nvidia ayithengisi i-hardware kuphela kodwa futhi itshala imali kuhlelo lwezemvelo lwengqalasizinda edla imikhiqizo yayo, okungenzeka luvale isidingo sesikhathi eside sama-chips ayo.
Ukugxila okuphezulu kwekhasimende, neklayenti elilodwa elimelela ngaphezu kwesigamu semali engenayo, kubangela ingozi enkulu yokusebenza. Uma leli klayenti elikhulu linciphisa ukusetshenziswa kwemali noma amashifu liye kwabancintisana nabo, ukuzinza kwezezimali kwe-Nscale kungase kube nomthelela omkhulu. Lesi sici sobungozi sibalulekile ekuhloleni ukusebenza kwenkampani kwesikhathi eside kanye nempilo ebanzi yemakethe yengqalasizinda ye-AI.
I-IPO kaNscale iza ngesikhathi lapho izikhulu eziphezulu zelebhu ye-AI zinxuse ukuthi kwehle ukuthuthukiswa kwentuthuko, osekunyakazise izimakethe. Ukukhula okuqinile kwemali engenayo yenkampani kanye nokusilela emuva okukhulu kwenkontileka kungase kusebenze njengendatshana ephikisayo, ephakamisa ukuthi isidingo sengqalasizinda sihlala siqinile naphezu kokukhathazeka mayelana nesivinini sokuthuthukiswa kwe-AI.
I-Interactive Mechanism: Indlela Esebenza Ngayo Ngempela
Hlola ubuchwepheshe obuyisisekelo ngemuva kwalokhu kuthuthukiswa ngokuhlanganyela.
Which component of an AI application is the machine-learning model itself?
Ongakubuka ngokulandelayo
Abatshalizimali kufanele baqaphe intengo yokugcina ye-IPO kanye nokusabela kwemakethe ekugxilweni okuphezulu kwamakhasimende kanye nokulahlekelwa okuphelele. Ukwengeza, ukuqaliswa kwenkontileka ka-$45 billion ne-Anthropic kanye nokwandiswa kwepayipi lamandla ka-Nscale ngaphezu kwamagigawathi ayi-10 kuzoba izinkomba ezibalulekile zekhono layo lokulondoloza ukukhula nokunciphisa ukuncika ekhasimendeni elilodwa elikhulu.
Izintengo zokugcina ze-IPO kanye nokwamukelwa kwemakethe kuzoba yizinkomba ezibalulekile zokuthembela kwabatshalizimali esitokweni sengqalasizinda ye-AI. Ukufakwa kuhlu okuyimpumelelo esilinganisweni esihlosiwe samaRandi ayizigidi eziyizinkulungwane ezingama-30 kuzoqinisekisa amanani okukhula aphezulu, kuyilapho ukulinganisa okuphansi kungase kubonise isixwayiso mayelana nenzuzo yomkhakha kanye nephrofayili yobungozi.
Ukwenziwa kwenkontileka ka-$45 billion ne-Anthropic kubalulekile emalini engenayo yesikhathi esizayo ye-Nscale. Ukubambezeleka noma izinguquko kulesi sivumelwano zingaba nomthelela omkhulu ekubukekeni kwezimali kwenkampani. Ukuqapha inqubekelaphambili yalesi sivumelwano kuzohlinzeka ngemininingwane ngokuthembeka kwezinkontileka ezinkulu zengqalasizinda ye-AI.
Ikhono le-Nscale lokuhlukanisa isisekelo samakhasimende ayo kanye nokunciphisa ukuncika eklayentini elikhulu kunawo wonke kuzoba i-metric eyinhloko yokuzinza kwesikhathi eside. Imizamo yenkampani yokuthola izinkontileka ezintsha namanye amalebhu amakhulu e-AI namabhizinisi izobhekwa kakhulu abahlaziyi nabatshalizimali.
Ukunwetshwa kwepayipi likagesi laseNscale, okwamanje eledlula amagigawathi ayi-10, kuzobaluleka ukuze kuhlangatshezwane nesidingo sesikhathi esizayo. Ikhono lenkampani lokuvikela nokukhipha umthamo wamandla engeziwe lizonquma amandla ayo okukala kanye nokugcina isikhundla sayo sokuncintisana emakethe yengqalasizinda ye-AI.