AMD to invest up to $5 billion in Anthropic as AI startup buys AMD chips

AMD announced on Wednesday that it plans to invest up to $5 billion in AI startup Anthropic. This investment will happen over time and is linked to certain conditions being met. As part of the deal, Anthropic will buy up to 2 gigawatts (GW) of AMD’s latest-generation AI chips. The chip purchases are expected to begin in the first half of 2027, according to AMD.

The investment is connected to specific deployment milestones.