Startups & Business2 min
AI cloud firm Nscale says it needs more money to deliver a $45B Anthropic deal
Nscale, an Nvidia-backed company that rents out AI computing, told investors in a filing that it must raise more money to meet its 2027 commitments. It had ordered Nvidia chips for a $45 billion Anthropic deal. The Financial Times says this casts doubt on its planned $35 billion stock market listing. CNBC reports third-quarter revenue of $307.5 million, up 1,344% on a year earlier, and a net loss of $1.69 billion. Bloomberg reports that its debt rose to $5.5 billion in September from $137.4 million in June.
Hype check: Fast revenue growth is paired with heavy losses and debt. It shows how much borrowed money sits behind AI computing deals.