With our AI cloud platform designed as part of our vertically integrated model, we deliver AI infrastructure and services to some of the most important technology companies globally. We plan, source, build and operate multiple stages of the AI infrastructure value chain, including powered land and power access, behind-the-meter power generation, data center design and build, facility ownership and operations, GPU fleet deployment and management and our unified software control plane. Our platform is built on a global portfolio of low-cost powered land and behind-the-meter power sites that support the deployment of AI infrastructure to serve large-scale AI training and inference workloads. We develop large-scale AI campuses in low-cost power regions to enable cost-effective delivery of AI compute across our portfolio while smaller, distributed GPU clusters allow us to serve sovereign workloads or those that require in-country infrastructure deployment. This model allows Nscale to deliver low-cost, reliable, and performant compute to a global customer base running large scale training and inference workloads. Our unified cloud software platform delivers a consistent, secure orchestration layer across our global portfolio, managing scheduling, fleet operations, and system health across heterogeneous environments to provide a reliable, standardized operating model for running AI training and inferencing workloads at scale. At present, our degree of ownership and operational control varies by project and location: our current portfolio includes wholly-owned sites, colocation and leased deployments, where in some cases we do not control the underlying third-party facility. We also do not control all inputs to our platform, such as the manufacture of GPUs, power generation equipment, or other critical infrastructure components, which we instead procure through close partnerships with key suppliers.