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Nscale, a burgeoning cloud service provider based in the UK, has recently come into the limelight owing to some significant business breakthroughs. The company has inked a massive computing power supply deal worth $45 billion with Anthropic, catapulting the total contract value to an impressive approximately $103 billion, effectively doubling its prior reserves. At present, the average execution period of its contract portfolio stands at 5.7 years, generating an annual revenue of roughly $18 billion. Notably, all these orders originate from the world's foremost AI research and development institutions. Nscale has already embarked on preparations for an initial public offering (IPO) and might submit its application as soon as this month. With contract reserves in the hundreds of billions, this could serve as a major draw for potential investors.
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