AIFinancial Times58m ago
Sources and Nscale's US SEC filings: ByteDance accounted for nearly 75%
Sources and Nscale's US SEC filings: ByteDance accounted for nearly 75% of Nscale's sales in 2025 and used Nscale's facility in Norway to access Nvidia AI chips
TL;DRByteDance was Nscale's biggest customer in 2025 but hid this in SEC filings.
Why it matters: Reveals potential regulatory evasion and the hidden infrastructure supporting China's AI development.
Chinese tech giant was AI cloud provider's largest customer last year but is not prominently named in pitch to stock market investors
Read full articleSource: Financial Times · Opens in new tab