Nscale touts $103 billion contracted revenue ahead of potential IPO, The Information reports


AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration

Sept 2 (Reuters) - 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.

(Reporting by Pooja Menon in Bengaluru; Editing by Sahal Muhammed)

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