Nscale and Anthropic are reportedly in talks for yet another $45 billion compute deal

🤖 Anthropic is putting $48 billion toward the public good Anthropic is committing 5% of its shares to a new fund designed to support the public good, a stake worth roughly $48 billion based on the company’s reported $965 billion valuation. And the fund could grow even larger. Anthropic’s board can add another 2% of the company’s shares for every 50% increase in its value above an undisclosed baseline. Unlike a traditional charitable foundation, the fund will operate as a wholly owned LLC, giving it flexibility to make large donations to nonprofits or distribute money directly to specific groups of people. Its equity cannot be used to fund lobbying or political donations. This builds on Anthropic’s existing commitments. Its co-founders have pledged to give away 80% of their own shares, while roughly half of employees donate some of their shares through a matching program. Together, these commitments could put around one-fifth of the company’s equity toward public causes. Anthropic is reportedly preparing for a potential IPO, with speculation about a valuation approaching $2 trillion. Meanwhile, the AI industry faces growing criticism over job displacement, data-center expansion and

📰 Nscale, Anthropic In Talks For New $45 Billion AI Cloud Deal An anonymous reader quotes a report from Reuters: Nscale is in talks to sell AI computing power to Claude maker Anthropic in a new deal that could be worth about $45 billion, a person familiar with... 📰 Source: Slashdot 🔗 Link: https://slashdot.org/story/26/10/20/0536218/nscale-anthropic-in-talks-for-new-45-billion-ai-cloud-deal?utm_source=rss1.0mainlinkanon&utm_medium=feed # AI # ArtificialIntelligence