TechCrunch AI · 10/20/2026, 07:39:38
Nscale and Anthropic Reportedly in Talks for Another $45B Compute Deal
Bloomberg reports that AI infrastructure provider Nscale and Anthropic are nearing a second $45 billion cloud computing deal. If finalized, this reinforces Anthropic's massive compute expansion strategy, which has seen over $517 billion in contracts signed in the past year, highlighting the industry's intense demand for underlying computational resources.
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Nscale and Anthropic are reportedly in talks for yet another $45 billion compute deal
A little over a month ago, Anthropic and AI infrastructure provider Nscale announced a $45 billion compute deal. Now, the duo may be about to do it again.
Bloomberg reports that the two companies are said to be on the verge of announcing yet another $45 billion compute deal, citing people familiar with the matter. Those sources cautioned that talks are still under way and that the details could change.
If the deal goes through, it would be the latest in a long string of giant compute deals Anthropic has struck over the past year. TechCrunch reached out to Nscale and Anthropic for more information and will update this story if we hear back.
The massive amount of money being sunk into AI compute deals has spooked a certain segment of investors, who worry that companies are spending too much money for too little profit. Still, Anthropic has pressed on with such partnerships, driven by the belief that it will all pay off in the end.
Both Anthropic and Nscale are also currently pursuing IPOs. Anthropic is still expectedto go public this year. Nscale is also seeking to go public, although Bloomberg reported today that the company is experiencing investor pushback over its proposed valuation of $30 billion.