Advanced Micro Devices AMD 1.45%increase; up pointing triangle and Anthropic have signed a deal for tens of billions of dollars’ worth of artificial-intelligence servers, strengthening AMD’s competitive position against industry leader Nvidia NVDA 2.30%increase; up pointing triangle and supplying Anthropic with much needed computing power.
Under the terms of the agreement, Anthropic will purchase up to 2 gigawatts of AMD’s latest-generation chips, called the Instinct MI450, starting in the first half of 2027. AMD will also invest up to $5 billion in Anthropic—its first check into the AI firm—as certain deployment milestones are met.
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