Money-losing Nscale’s $35 billion IPO includes a $3 billion deal with Nvidia and ‘going concern’ worries

Good morning. On Fortune’s radar today:

• Nscale’s $35 billion IPO
• Markets: Bitcoin shows signs of life
• There was a $62 billion wave of stock-buying before the Fed’s last call
• The internet is now half-written by robots
• AI’s $3.6 trillion circular financing network
• Sydney Sweeney owns equity in Novig

This story was originally featured on Fortune.com