Nscale in talks for $45 billion Anthropic cloud deal ahead of IPO

Nscale, a cloud-computing infrastructure provider, is negotiating a deal with AI developer Anthropic worth approximately $45 billion, Bloomberg News reported. The talks come as Nscale prepares for an initial public offering, giving the agreement added weight: a deal of this size would lock in a major customer commitment just as the company pitches itself to public market investors. The scale of the figure underscores how much capital AI developers are committing to secure computing capacity. Anthropic, one of the largest AI model developers, has been expanding its infrastructure footprint through deals with multiple cloud providers rather than relying on a single partner. Neither company has confirmed final terms, and the deal could still change in size or structure before signing. It remains unclear how the agreement would be financed or what it implies for Nscale's IPO valuation.