Anthropic to Rent 45B in Nscale AI Compute

Anthropic agreed to spend 45 billion dollars to rent AI computing power from Nscale as the startup prepares for an initial public offering. The six-year deal will use Nvidia chips to support the rising demand for tools like Claude Code.

Xurve View
Insights:
FILE PHOTO: Anthropic logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Anthropic will spend $45 billion to rent AI cloud computing power from Nscale's West Virginia data center campus, a person familiar with the matter said Wednesday evening. The six-year agreement represents 460 megawatts of power capacity to support the AI startup's upcoming IPO. The deal underscores the accelerating infrastructure race as AI developers scale up capacity for advanced models.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.