Anthropic in talks for second Nscale deal as IPO hopes mount

· Finance · United States · United Kingdom

AI start-up Anthropic is in talks with UK data centre group Nscale for a second multibillion-dollar deal as it seeks more computing power, following an earlier agreement between the two. At the same time, prediction market Kalshi has Anthropic as the last major IPO hope for 2026, after OpenAI delayed its public market debut and others postponed. The combination places Anthropic at the centre of both the AI infrastructure buildout and the financing cycle around it, as investors wait to see whether the sector's largest private players can deliver on their valuations.

Why it matters：Anthropic's compute deal and IPO prospects are a bellwether for how AI infrastructure spending gets financed and whether public markets will absorb large AI listings.

Key points

  • The talks would be a second multibillion-dollar deal with Nscale.
  • OpenAI has delayed its public market debut.
  • Kalshi traders see Anthropic as 2026's last major IPO hope.

Sources (original reporting)

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