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The Economic Times

Technology

AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chips

Anthropic AMD Nvidia OpenAI

Advanced Micro Devices will sell Anthropic tens of billions of dollars' worth of AI servers and invest as much as $5 billion in the Claude maker, in a deal that would strengthen its foothold in a market dominated by rival Nvidia.

The announcement on Wednesday ‌marks the latest ⁠so-called circular ⁠deal in the AI industry, where chipmakers invest in AI firms that are among their biggest customers. Nvidia has been in talks to invest $30 billion in ChatGPT creator OpenAI.

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The Times of India

One subscription that gives you access to news from hundreds of sites

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Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

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