Nvidia in talks to backstop Nscale's $45B Anthropic data center

· Tech · United States

Nvidia is in talks to give Nscale, a young AI cloud provider, billions of dollars in credit guarantees so it can take on debt to build a 460-megawatt data center that Anthropic plans to use, according to people familiar with the discussions. The deal is not signed and terms could still change. The arrangement would mark another case of Nvidia using its balance sheet to underwrite the buildout of AI computing capacity that ultimately runs on its chips. Nscale would carry the debt, with Nvidia standing behind it, lowering the risk for lenders financing the project. Anthropic would be the anchor tenant of the facility.

Why it matters：Chip designers increasingly act as financiers of AI infrastructure, a shift that could entrench incumbents and reshape how data center capacity gets funded.

Key points

  • The data center is planned at 460 megawatts of capacity.
  • Anthropic is named as the intended user of the facility.
  • The deal is not yet signed and terms could change.

Sources (original reporting)

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