Ex-Meta Executives Join $14.6B AI Data Center Firm; Meta Boosts Broadcom Chip Demand
Former Meta Platforms executives Sheryl Sandberg and Nick Clegg were appointed to Nscale’s board after its $2 billion Series C funding round raised valuation to $14.6 billion. Broadcom’s CEO projects AI chip revenue exceeding $100 billion by 2027, driven in part by surging demand from customers such as Meta Platforms.
1. Appointment of Ex-Meta Executives
Sheryl Sandberg and Nick Clegg, both former Meta Platforms executives, have joined the board of Nscale, bringing their leadership experience to the AI data center developer following its latest funding round.
2. $2B Series C Round Lifts Nscale to $14.6B Valuation
Nscale secured $2 billion in Series C financing led by Aker ASA and 8090 Industries, boosting its valuation to $14.6 billion and underpinning planned data center expansions across Europe.
3. Broadcom Sees Meta Demand Driving AI Chip Growth
Broadcom’s CEO forecasts AI chip revenue surpassing $100 billion by 2027, citing robust orders from major customers including Meta Platforms as a key driver of the company’s growth trajectory.