Nscale, an AI startup less than a year old, is reportedly seeking to raise approximately $2.7 billion to build AI infrastructure, leveraging a pending partnership with ByteDance, the Chinese parent company of TikTok. The fundraising effort is aimed at supporting the construction of AI infrastructure, including GPUs. However, ByteDance has indicated that Nscale is exaggerating the extent of their partnership. Additionally, there are reports that Nscale is also pursuing $1.8 billion in private credit specifically for chip development, with marketing efforts heavily based on the pending deal with ByteDance.