Nscale and Figure Ink $6B AI Compute Deal

M&A · PartnershipProduct / Tech Impact 4
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Summary · why it matters

AI cloud platform Nscale has entered a multi-year agreement to supply computing capacity to robotics maker Figure, with the initial deal valued at $3.5 billion and potentially scaling to more than $6 billion. Nscale plans to deploy Nvidia's Vera Rubin platform at its Barstow, Texas data center starting in the second half of 2027, with the capacity to reach up to 100,000 GPUs. As part of the arrangement, Nscale will take an equity stake in Figure and become its preferred compute provider, while the two companies will explore using Figure's humanoid robots to scale Nscale's supply chain operations. Figure's Helix AI model requires substantial computational resources, and its Figure 03 robot, designed for household use, was showcased at the White House earlier this year. The deal deepens Nvidia's exposure to the physical AI market through its investments in both Nscale and Figure.

Impact on stocks 1

Artificial Intelligence▲ · 1 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Deal deepens Nvidia's exposure to physical AI through investments in Nscale and Figure, potentially increasing demand for its GPUs.

Theme Impact 7

Off-coverage companies 1

NscalePrivate▲ Positive
Demandrelevance

Nscale secures multi-year compute supply deal with Figure valued up to $6B, boosting its revenue outlook.

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