A $45 billion Nvidia chip-rental contract with Anthropic serves as a cornerstone for Nscale's AI cloud services. The startup has raised billions of dollars to build data centers and recently reached an agreement to acquire Anyscale to further its infrastructure capabilities.

Former OpenAI executive Fidji Simo joined the company's board of directors on Sept. 11. The appointment comes as the firm prepares for a potential initial public offering as soon as this month, bringing additional leadership to the startup's governance before a market debut.