Advanced Micro Devices (AMD) is reportedly preparing to invest up to $5 billion in AI startup Anthropic as part of a significant chip supply deal. This move would further solidify AMD's position in the rapidly expanding artificial intelligence sector, following similar agreements with other major AI players.
The investment and chip deal would involve Anthropic utilizing AMD's hardware for its AI development and operations. This is a critical step for AMD, as AI companies are increasingly seeking to diversify their computing infrastructure beyond dominant players like Nvidia. Analysts have suggested that such traditional agreements, without equity incentives, would reinforce confidence in AMD's competitive capabilities.
This potential collaboration comes as AMD prepares for its Advancing AI 2026 event, where new customer announcements have historically been a major factor. Reports indicate that Anthropic has been recruiting engineers with experience in AMD's ROCm software platform, suggesting a strategic move towards incorporating AMD's technology. Previous deals by AMD include commitments to OpenAI and Meta, with Meta striking a deal for potentially up to $100 billion worth of AMD chips and a performance-based warrant for up to 160 million shares.
