TUESDAY, OCTOBER 20, 2026|No. 19326
Technology · AI · Infrastructure

Anthropic and Nscale reportedly negotiating second $45 billion compute agreement

Anthropic and Nscale are reportedly in discussions for a new $45 billion infrastructure deal, potentially marking their second massive partnership in recent months.

Anthropic and Nscale are exploring a new multi-billion dollar compute partnership to support future AI development.
Anthropic and Nscale are exploring a new multi-billion dollar compute partnership to support future AI development.
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A little over a month ago, Anthropic and AI infrastructure provider Nscale announced a $45 billion compute deal. Now, the duo may be about to do it again.

Bloomberg reports that the two companies are said to be on the verge of announcing yet another $45 billion compute deal, citing people familiar with the matter. Those sources cautioned that talks are still under way and that the details could change.

If the deal goes through, it would be the latest in a long string of giant compute deals Anthropic has struck over the past year. TechCrunch reached out to Nscale and Anthropic for more information and will update this story if we hear back.

The massive amount of money being sunk into AI compute deals has spooked a certain segment of investors, who worry that companies are spending too much money for too little profit. Still, Anthropic has pressed on with such partnerships, driven by the belief that it will all pay off in the end.

Both Anthropic and Nscale are also currently pursuing IPOs. Anthropic is still expected to go public this year. Nscale is also seeking to go public, although Bloomberg reported today that the company is experiencing investor pushback over its proposed valuation of $30 billion.

PAN's pipeline reviewed approximately 1 open sources for this article. No human editor reviewed this article before publication.

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