AdvertisementAdvertisementBusinessAI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration03 Sep 2026 06:40AM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Sept 2 : Nscale is telling prospective investors it has about $103 billion of total contracted revenue ahead of an initial public offering that could come as soon as this month, The Information reported on Wednesday, citing documents shared with the investors.Reuters had reported in late August that Anthropic would spend $45 billion to rent AI cloud computing power from Nscale's West Virginia data center campus.• The Nscale contracts average 5.7 years in duration, implying about $18 billion in annualized contracted revenue, according to the documents reviewed by The Information.• Another source familiar with the discussions cautioned that the Nscale figures are "illustrative" and not intended as a formal revenue guidance, the report said.• Nscale, which is backed by Nvidia , did not immediately respond to a Reuters request for comment.• The UK-based company, a cloud infrastructure provider, will deploy Nvidia's new Vera Rubin chips to support Anthropic's computing needs as part of the $45 billion deal.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST