Nscale adds former OpenAI exec Fidji Simo to its board ahead of potential IPO
News Source
β’Fri, 11 Sep 2026 16:46:25 +0000
π° What Happened
UK AI data centre company Nscale has added Fidji Simo to its board. Simo is a former OpenAI executive and was once boss of Instacart. She also spent more than ten years at Meta, where she ran the Facebook app. She joins other high-profile names on the board, including Sheryl Sandberg and Nick Clegg.
Nscale is expected to go public this autumn. Reports say it hopes to raise up to $3.5 billion before the listing.
π The Backstory
Nscale designs, builds and runs data centres for AI. It was founded just two years ago, and its value has grown very fast because demand for AI computing is booming.
Simo left OpenAI in July, saying she needed to focus on her health, and still advises the company part-time. She has taken companies through a stock market listing before, having led Instacart in 2023. That experience is useful before an IPO.
π― Why It Matters
AI data centres are the backbone of tools like chatbots. A company this young going public shows how much money is pouring into AI right now.
UK AI data centre company Nscale has added Fidji Simo to its board. Simo is a former OpenAI executive and was once boss of Instacart. She also spent more than ten years at Meta, where she ran the Facebook app. She joins other high-profile names on the board, including Sheryl Sandberg and Nick Clegg.
Nscale is expected to go public this autumn. Reports say it hopes to raise up to $3.5 billion before the listing.
Nscale designs, builds and runs data centres for AI. It was founded just two years ago, and its value has grown very fast because demand for AI computing is booming.
Simo left OpenAI in July, saying she needed to focus on her health, and still advises the company part-time. She has taken companies through a stock market listing before, having led Instacart in 2023. That experience is useful before an IPO.
AI data centres are the backbone of tools like chatbots. A company this young going public shows how much money is pouring into AI right now.