AMD to invest $5 billion in Anthropic for 2GW of AI chips

AMD will invest up to $5 billion in Anthropic, which will deploy up to 2 gigawatts of AMD's Instinct MI450 GPUs using AMD's new Helios rack-scale systems. The first gigawatt is planned to come online in the first half of 2027, building on Anthropic's existing infrastructure deals with SpaceX and TeraWulf. Anthropic has also struck AI infrastructure deals with Google, Broadcom, and Amazon.

Why it matters: This is AMD's most serious attempt yet to break Nvidia's near-monopoly on AI training chips, following similar tie-ups with Meta and OpenAI. It also deepens a pattern of chipmakers taking stakes in their biggest customers, which critics flag as circular financing that can inflate real demand signals. For Anthropic, spreading compute across AMD, Google, Broadcom, and Amazon reduces dependence on any single vendor amid ongoing GPU scarcity.