Nvidia-backed Nscale, Anthropic in talks for new $45 billion AI cloud deal, source says

Nvidia-backed data centre developer Nscale is in negotiations to sell AI computing power to Anthropic, the creator of the Claude AI model, according to a Reuters source. The potential deal could be worth around US$45 billion. Nscale is also seeking to secure another major contract with Anthropic for a second facility at its Monarch data centre campus in West Virginia.

In August, Anthropic had already signed a deal to rent AI cloud computing power from Nscale's West Virginia campus, worth US$45 billion. A second Monarch building would provide 460 megawatts of computing power using Nvidia's advanced Vera Rubin AI chips. Anthropic has the option to purchase the third building at Monarch, and talks on this plan are ongoing.

Bloomberg also reported the news. Some investors have urged Anthropic to reduce its initial public offering valuation following market setbacks for AI companies. CoreWeave, a rival of Nscale, faced a slump in shares due to concerns over its US$50 billion debt load. Nscale has rapidly grown, increasing its total contracted value from US$100 million to over US$103 billion in just two-and-a-half years.

Microsoft withdrew from a deal to anchor a flagship data centre for Nscale due to power connection delays, pushing its expected supply date into the 2030s. Nscale is expected to be a major customer for Microsoft and Anthropic in the future.