GoKawiil
Tech News
Bloomberg reports, citing people familiar with the matter, that Anthropic and AI infrastructure provider Nscale are close to announcing another $45 billion compute agreement, just over a month after their first deal of the same size. Sources caution that talks remain ongoing and terms could still change. TechCrunch says it has contacted both companies for comment.
British AI cloud provider Nscale, spun out of Arkon Energy two years ago, disclosed over $103 billion in contracts ahead of its NYSE listing, but roughly 85% of that value comes from just two customers: Microsoft and Anthropic. The Anthropic deal remains conditional on Nscale securing financing and hitting milestones the company itself calls stringent, with Anthropic free to cancel if targets are missed. Nscale is targeting a $35 billion valuation and hopes to raise $3 billion, despite posting a $1.02 billion net loss on $140.6 million in revenue for the first half of the year.