Nvidia in Talks to Guarantee Billions for Nscale's Anthropic Data Center, the Information Says
Summary
Nvidia is in talks to guarantee billions in debt financing for Nscale's Anthropic data center in West Virginia, The Information reports. Under a residual value guarantee, Nvidia would step in if Nscale defaulted on construction payments. Anthropic has signed a $44.6 billion contract for the first 460-megawatt building, which is expected to use Nvidia's Vera Rubin chips.
Key Points
- The Information reports Nvidia would temporarily take over the West Virginia facility and seek a new tenant if Nscale defaults.
- Nscale is seeking an IPO valuation of up to $35 billion, according to its filing.
- Nscale reports about 25,000 advanced AI chips running in August, a fraction of the nearly 500,000 it plans to deploy.