AMD to Invest Up to $5 Billion in Anthropic

AMD to Invest Up to $5 Billion in Anthropic

Advanced Micro Devices said on Wednesday it would invest up to $5 billion in Anthropic and the artificial intelligence startup would buy up to 2 gigawatts of AMD's latest-generation AI chips, beginning in the first half of 2027. AMD has been seeking to expand its foothold in the fast-growing AI chip market as developers look to diversify beyond Nvidia, while Anthropic has been racing to secure computing capacity to meet growing demand for its AI services. The investment is a significant step for AMD, which has been looking to expand its presence in the AI market. The deal is expected to create new opportunities for AMD and Anthropic, with both companies poised to benefit from the growing demand for AI services. The investment is also seen as a strategic move by AMD to stay ahead of the competition in the AI chip market. The deal is expected to be finalized in the coming months, with both sides working to resolve outstanding issues.