Anthropic planned, then abandoned $8.9 billion purchase of MatX: Sources
The merger talks underscore the AI lab’s ambition to secure the resources and talent needed to build its own chips.
Anthropic was reportedly in talks to acquire artificial intelligence chip startup MatX for approximately $7 billion, aiming to bolster its capabilities in developing custom hardware for its rapidly expanding AI business. The potential merger talks, which have since evolved into a partnership discussion, highlight Anthropic's determination to secure the necessary resources and talent to establish its own chips and accelerate in-house chip development.
MatX, established by former Google tensor processing unit (TPU) engineers, is now seeking to raise new capital at an estimated valuation of around $4 billion. Anthropic, currently developing its Claude family of AI models, is in pursuit of hardware that can cater to its high data processing demands and reduce reliance on chips from Nvidia.
The AI lab, set to list in 2026, aims to achieve a valuation of $2 trillion, contingent on generating up to $200 billion in revenue by 2028. As part of this strategy, Anthropic is expanding its in-house silicon team to design custom chips that will improve the efficiency of Claude models while maintaining a multi-chip approach, collaborating with providers from Nvidia to Google.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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