Technology
Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen
By Sofia Cheung
Nvidia in talks to give credit support for Nscale’s deal with Anthropic, The Information reports
Sofia Cheung
Sofia Cheung
Reporter · Fargo, ND
Sofia Cheung is a dedicated community reporter with a focus on social issues affecting the Fargo area. A graduate of North Dakota State University, she has spent the last four years reporting for local networks, ensuring that underrepresented voices are heard.
More from Sofia →Reporter · Friday, October 30, 2026 at 1:26 AM · 1 min read
Oct 29 (Reuters) Nvidia is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic, The Information reported on Thursday, citing people with knowledge of the talks. • The credit support would help fund power infrastructure and construction of Nscale s AI data centre in West Virginia, which Anthropic plans to use, according to the report. Nvidia is an investor in the UK-based cloud provider • The deal has not been signed and terms could still change, the report said • Nvidia, Nscale and Anthropic did not immediately respond to Reuters requests for comment • Claude maker Anthropic struck a deal in August to spend $45 billion to rent computing power from Nscale s West Virginia data center campus • Nscale is also in talks to sell about 460 megawatts of AI computing power to Anthropic in another deal that could also be worth about $45 billion • The report comes as companies such
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