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techcrunch ai · October 19, 2026

Anthropic in talks for second $45B compute deal with Nscale

anthropic and nscale are reportedly in talks for another $45 billion compute deal, following a similar agreement just over a month ago. this raises questions about the profitability of such massive investments.

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anthropic and nscale are reportedly in talks for another $45 billion compute deal, just over a month after announcing a similar agreement. if the deal goes through, it would be the latest in a series of large compute agreements anthropic has made in the past year. investors are growing concerned about the profitability of such massive investments in ai compute, but anthropic is pressing on with such partnerships. both anthropic and nscale are also pursuing initial public offerings, with anthropic expected to go public this year and nscale seeking a $30 billion valuation.

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