TechCrunch · AI· Aditya Mehta·· 16 days agoAI score65
Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
AI summary
Nvidia is in talks to guarantee billions in debt financing for Nscale's planned Anthropic data center in West Virginia, with Anthropic having signed a $44.6 billion contract for the first 460-megawatt building, according to The Information and Bloomberg. Under a residual value guarantee, Nvidia would step in if Nscale defaulted on construction payments, temporarily take over the facility, and help find a buyer and new tenant. The arrangement would deepen Nvidia's ties to Nscale, which is seeking an IPO at a valuation of up to $35 billion, while securing a major customer for its Vera Rubin chips.
Source: TechCrunch · AI · techcrunch.com