Nscale and Anthropic are in talks for another $45 billion compute deal. The talks are still underway and details could change. It would follow a $45 billion deal they announced in August. Anthropic has struck many such deals over the past year. Some investors worry these deals spend too much for too little profit. Anthropic still expects to go public this year. Nscale is also pursuing an IPO but faces investor pushback over its valuation.

• $45 billion compute deal
• $30 billion Nscale IPO valuation