AMD to invest up to $5 billion in Anthropic in AI chip pact

AMD (NASDAQ: AMD) said on Wednesday that it will invest as much as $5 billion in Anthropic. The investment involves a multi-year agreement under which Anthropic will use up to 2 gigawatts’ worth of AMD’s Instinct MI450 chips. The deal connects AMD with Anthropic, one of the industry’s largest chip buyers, at a moment when...