Advanced Micro Devices (AMD) has announced plans to invest up to $5 billion in artificial intelligence company Anthropic as part of a new partnership focused on developing AI chips.
The investment underscores AMD’s strategy to secure long-term demand for its data center processors by embedding itself in the infrastructure of leading AI model developers.
The move comes as Anthropic accelerates its path toward a potential initial public offering, having recently begun scheduling meetings with prospective investors.
The AI firm is also holding preliminary discussions with Meta regarding the potential lease of computing power, signaling a broader push to monetize its technology and scale its operations.
AMD’s capital commitment likely aims to lock in a strategic customer relationship ahead of Anthropic’s public debut.
This development adds to the competitive landscape in the AI chip market, where AMD is seeking to gain ground against Nvidia.