Nscale's S-1: Microsoft and Anthropic account for 85% of its $103B in total contract value, only $2.6B of contract value was active as of late August, and more (Bloomberg)

Nscale's S-1 filing reveals that Microsoft and Anthropic are responsible for 85% of its $103 billion total contract value. However, as of late August, only $2.6 billion of this contract value was active. This significant increase in Nscale's contracts over the past three years is primarily attributed to these two clients, who are heavily invested in artificial intelligence.