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

AMD plans to invest up to $5 billion in AI startup Anthropic, while Anthropic will purchase up to 2 GW of AMD chips to expand its AI compute infrastructure. The deal reflects AMD's push to challenge Nvidia's dominance in AI chips and Anthropic's effort to diversify compute suppliers. The investment is tied to deployment milestones, and AMD may also provide a financial backstop for Anthropic's future data center leases.