Nscale to Supply $3.5 Billion in AI Cloud Capacity for Robotics Startup Figure
Nscale has entered a deal with robotics startup Figure, agreeing to supply at least $3.5 billion worth of AI cloud computing capacity using Nvidia chips starting in late 2027. The agreement includes an undisclosed investment from Nscale into the company and positions it as Figure's preferred compute provider. This move mirrors strategies employed by larger players like Nvidia, which has invested heavily in its partners to secure long-term demand for their hardware. Figure is a leading developer of humanoid robots that raised over $1 billion last year at a valuation exceeding $39 billion. Nscale itself is preparing for an IPO and aims to raise up to $3 billion. The deal highlights the growing trend among cloud providers to invest in key customers, though some analysts have expressed concerns about potential artificial inflation of AI demand through such circular arrangements. Nvidia CEO Jensen Huang praised the partnership as a step toward activating what he called the 'robotics flywheel.' Nscale's Barstow, Texas facility will be central to fulfilling this contract and there is an intent to scale beyond $6 billion in computing capacity.
Topics: AI Cloud Computing Figure Nscale Robotics