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AMD to invest up to $5 billion in Anthropic, WSJ reports
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Advanced Micro Devices (AMD) has signed a deal with artificial intelligence startup Anthropic for tens of billions of dollars worth of AI servers and will invest up to $5 billion in the company, as reported by the Wall Street Journal. The agreement covers up to 2 gigawatts of AMD's next-generation Instinct MI450 chips, with deliveries set to begin in the first half of 2027. Industry executives note that 1 gigawatt of computing power can cost around $50 billion. Anthropic will use the chips in its own data centers and through leased capacity from cloud providers. The deal marks a significant win for AMD as it seeks to challenge Nvidia's dominance in the AI hardware market. Reuters could not immediately verify the report; AMD did not respond to a request for comment, while Anthropic said it would release a statement soon.
Source report
Reuters Wed, July 22, 2026 at 5:37 AM PDT 1 min read
July 22 (Reuters) — Advanced Micro Devices (AMD) has signed a deal with artificial intelligence startup Anthropic involving tens of billions of dollars worth of AI servers, and will invest up to $5 billion in the company, the Wall Street Journal reported on Tuesday.
Key Details
- The agreement covers up to 2 gigawatts of AMD's next-generation Instinct MI450 chips.
- Deliveries are set to begin in the first half of 2027.
- Industry executives have noted that 1 gigawatt of computing power — enough to power roughly 750,000 U.S. homes — can cost around $50 billion.
- Anthropic will use the chips in its own data centers and through leased capacity from cloud providers, according to the report.
Verification and Response
Reuters could not immediately verify the report. AMD did not immediately respond to a request for comment, while Anthropic said it would release a statement soon.
Significance
The deal marks a significant win for AMD as the chipmaker seeks to challenge Nvidia's dominance in the fast-growing AI hardware market and expand its roster of major AI customers.
(Reporting by Rashika Singh in Bengaluru; Editing by Jonathan Ananda)
Source
Yahoo FinanceWestern
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AMD to Invest Up to $5 Billion in Anthropic for AI Chip Deal