The company’s $7.9 billion valuation also reflects the growing investor interest in startups applying artificial intelligence to physical industries. Hastings’ investment also adds visibility to the startup as it attempts to establish itself in the competitive AI hardware sector. Nscale operates in the growing AI infrastructure market, which includes the data centers and computing capacity required to train and run advanced AI systems. The scale of its reported backlog could make Nscale an attractive candidate for investors seeking exposure to the rapidly expanding AI infrastructure industry. If Nscale moves forward with a US IPO, the offering could become another major test of investor appetite for AI infrastructure companies.