英伟达支持的Nscale在IPO文件中隐去最大客户字节跳动
原标题：Nvidia-backed Nscale keeps its biggest customer, Bytedance, out of its IPO filing
AI 摘要
英伟达支持的AI云服务商Nscale在其美国IPO的192页S-1主文件中未披露最大客户字节跳动，仅在附录中提及字节跳动的新加坡子公司Spring。2025年字节跳动贡献了Nscale 3300万美元收入的73%。2025年5月Spring同意在挪威Glomfjord使用2304块英伟达B200芯片，该合同支撑了麦格理1.05亿美元贷款及3500万美元股权融资用于购买AI硬件。该安排让字节跳动得以使用其在中国无法购买的英伟达芯片，利用美国出口规则漏洞，虽属合法但存在法律和声誉风险。Nscale预计今年最大客户收入占比将降至20%以下。
正文节选
Nvidia-backed Nscale keeps its biggest customer, Bytedance, out of its IPO filing Nscale, the Nvidia-backed AI cloud provider, leaves its most important customer, Bytedance, out of the main prospectus for its planned US IPO. That's according to the Financial Times. The Chinese company accounted for 73 percent of Nscale's $33 million in revenue in 2025, but it isn't named anywhere in the 192-page S-1 filing. Only an appendix mentions its Singapore subsidiary, Spring. In May 2025, Spring agreed to