Anthropic to rent AI computing power from Nscale for $45 billion, source says

By Juby Babu ‌and Anzar Mehraj

Aug ​26 (Reuters) - ​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 on Wednesday, as the AI startup gears up for ‌a major IPO.

Anthropic has been ‌aggressively expanding its computing power to meet demand growth it expects for products like AI coding tool, ​Claude Code.

Nscale, a cloud infrastructure provider, will deploy Nvidia's new Vera Rubin chips to support Anthropic's computing ⁠needs, the person said.

Anthropic has been spending enormous amounts on GPUs and ​other computing capacity as well as model training, inference and hiring. It is projecting 2028 ​revenue of roughly $190 billion to $200 billion, ‌dwarfing its $47 billion revenue "run rate," Reuters reported exclusively earlier this month.

The six-year agreement with ⁠Nscale represents about 460 megawatts of power capacity.

In July, Advanced Micro Devices announced plans to sell Anthropic tens of billions ⁠of dollars' worth of AI servers while investing up to $5 billion ​in the Claude developer.

In its IPO filing, SpaceX said Anthropic had agreed to pay it $1.25 billion per month through May 2029 ‌for compute capacity that includes both of SpaceX's AI training data center clusters, Colossus ‌and Colossus II.

Anthropic declined to comment on the Nscale ⁠deal.

Bloomberg News first reported ‌the development earlier on ​Wednesday.

(Reporting by Juby Babu in Mexico City and Anzar Mehraj in Bengaluru; Editing by Sahal ‌Muhammed)

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