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Anthropic and Nscale Said to Near Second $45 Billion Compute Deal

Oct 20, 2026
TechCrunch
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Summary

Nscale and Anthropic are negotiating a second $45 billion compute deal, Bloomberg reports, roughly a month after announcing the first. Sources say talks continue and terms could change. Both companies are pursuing IPOs, and Nscale faces investor pushback over its proposed $30 billion valuation.

Key Points

  • Anthropic is still expected to go public this year, according to Bloomberg.
  • Some investors worry AI companies spend too much on compute for too little profit, the report says.
  • TechCrunch says it contacted Nscale and Anthropic for comment and will update the story.

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