What are the terms and strategic implications of Nscale’s multi year agreement with humanoid robotics company Figure, including its initial $3.5 billion commitment in AI compute resources, planned expansion beyond $6 billion, deployment of up to 100,000 Nvidia chips beginning in

Nscale’s agreement with Figure is a multi-year strategic compute-and-equity partnership, not simply a GPU purchase. It gives Figure access to very large-scale AI infrastructure for humanoid development while giving Nscale a major anchor customer, an ownership stake, and a prospective operational user of Figure’s robots. 125

• Core commitment: Nscale will initially provide $3.5 billion of AI-compute resources to Figure, with the parties intending to expand the relationship beyond $6 billion. The public disclosures describe compute capacity; they do not disclose detailed pricing, payment timing, minimum-take obligations, or the size and terms of Nscale’s equity investment. 245

• Infrastructure plan: The partnership contemplates deploying up to 100,000 Nvidia Vera Rubin GPUs, with the first deployment targeted for the second half of 2027 at Nscale’s Barstow, Texas site. “Up to” and “targeted” mean the full chip count and schedule remain contingent on execution, capacity build-out, and demand. 15

• Figure’s benefit: Nscale becomes Figure’s preferred compute provider for next-generation Helix AI models and humanoid robots. This potentially gives Figure preferential access to scarce, high-end training and inference capacity—important because embodied AI needs substantial compute for multimodal model training, simulation, and fleet learning. 25

• Nscale’s benefit: Nscale will become a Figure shareholder as well as its infrastructure provider. Strategically, that aligns Nscale’s upside with Figure’s commercial success, supports long-term utilization of Nscale’s planned GPU capacity, and differentiates it from cloud competitors by tying its business to the emerging “physical AI” market. The equity-plus-supply arrangement also increases concentration and execution risk if Figure’s financing, model performance, or robot adoption falls short. 124

• Operational collaboration: The companies also plan to explore deploying Figure humanoids to help scale Nscale’s supply chain. If successful, this would make Nscale both compute supplier and an early industrial customer, creating a feedback loop: Nscale supplies the AI infrastructure, Figure uses it to improve robots, and those robots may support Nscale’s own logistics and operations. This is an exploratory initiative, not an announced production deployment or guaranteed cost-saving program. 5

• What it signals: The deal is a large early bet that humanoid robotics will become a material consumer of frontier AI compute. It links Figure’s ability to turn models into capable commercial robots with Nscale’s ability to finance, build, and operate a very large Nvidia-based data-center deployment. 125