Anthropic and Nscale in talks for another $45 billion deal

Summarised from 2 outlets · Updated 20 Oct, 00:57 · Archive

Anthropic and UK data centre group Nscale are reportedly negotiating a second $45 billion compute deal.

Anthropic and Nscale are reportedly negotiating a second $45 billion compute deal, according to Bloomberg. The two companies announced their first $45 billion compute agreement in August. People familiar with the matter told Bloomberg the talks are advanced, though sources cautioned that details could still change.

Both companies are pursuing initial public offerings. Anthropic is expected to go public this year. Nscale is also seeking to list, but Bloomberg reported that the company is facing investor pushback over its proposed $30 billion valuation.

Anthropichas struck multiple large compute deals over the past year as it seeks additional computing power. The scale of investment flowing into such arrangements has concerned some investors, who worry companies are spending heavily relative to potential profits. Anthropic has continued to pursue partnerships, driven by confidence that the spending will ultimately prove profitable.

How it is being reported

• Nscale and Anthropic are reportedly in talks for yet another $45 billion compute dealIn August, Nscale and Anthropic announced a $45 billion compute deal. The two companies are reportedly discussing yet another deal of the same magnitude.TechCrunch · 20 Oct, 00:39
• Anthropic and Nscale in talks for second multibillion-dollar dealAI start-up looks for more computing power from UK data centre groupFinancial Times · 19 Oct, 23:27

In this story: Anthropic · Nscale · Bloomberg · UK

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