Bloomberg reports Nscale and Anthropic are discussing another $45 billion compute deal, though talks remain ongoing and terms could change.
Nscale and Anthropic are reportedly discussing a second compute agreement valued at $45 billion, according to a Bloomberg report cited by TechCrunch on October 19, 2026. The discussions are ongoing, and people familiar with the matter cautioned that the terms could change; the agreement has not been announced as finalized.
The reported talks follow a separate $45 billion compute deal the companies announced a little over a month earlier. If completed, the new arrangement would add to a series of large infrastructure partnerships Anthropic has pursued over the past year. The report does not specify what capacity, facilities, or services the additional agreement would cover.
The scale of AI infrastructure spending has raised concerns among some investors, who worry that companies may be committing too much capital relative to the profits those investments could generate. TechCrunch reports that Anthropic has continued pursuing such partnerships, while the companies’ plans for another deal remain subject to the ongoing negotiations.
Both companies are also seeking public listings. Anthropic was still expected to go public in 2026, according to reporting cited by TechCrunch. Nscale is pursuing an IPO as well, but Bloomberg reported on October 19 that it was facing investor resistance to a proposed $30 billion valuation. Those parallel plans add context to the reported negotiations, but the article does not establish how either potential listing might affect the talks.