Nvidia is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic.
The credit support would help fund power infrastructure and construction of Nscale's AI data centre in West Virginia, which Anthropic plans to use, according to the report. Nvidia is an investor in the UK-based cloud provider.
Anthropic struck a deal in August to spend $45 billion to rent computing power from Nscale's West Virginia data center campus.
The stakes are high for Nscale, which is seeking to go public at a valuation of up to $35 billion despite growing concerns about its ability to deliver on ambitious data center projects.
Anthropic’s contract with Nscale covers the first 460-megawatt building at Nscale’s West Virginia campus, which is expected to use Nvidia’s next-generation Vera Rubin chips. The companies are also discussing a second deal worth roughly $45 billion for another building.
Nscale is also in talks to sell about 460 megawatts of AI computing power to Anthropic in another deal that could also be worth about $45 billion.
The report comes as companies such as CoreWeave and Firmus, which are both backed by Nvidia, have been hit by concerns about debt financing behind the AI build-out.
