AMD Committed Up to $5 Billion to Anthropic, and Anthropic's IPO Prospectus Is Reportedly Days Away
Key PointsAMD committed in late July to invest up to $5 billion in Anthropic, alongside an agreement to deploy up to 2 gigawatts of its Instinct MI450 series GPUs.
Advanced Micro Devices (AMD) has made a strategic investment of up to $5 billion in artificial intelligence company Anthropic. This commitment follows Anthropic's decision to deploy up to 2 gigawatts of AMD's Instinct MI450 series graphics processing units (GPUs). Anthropic plans to publish its initial public offering (IPO) prospectus after the Labor Day holiday, with a listing scheduled for late September or early October.
Although AMD has not disclosed the exact valuation of its investment, Anthropic is believed to be valued at around $1 trillion in private markets, with projections of a potential $2 trillion IPO valuation. The investment could potentially go towards funding the deployment of AMD's GPUs, which is a new source of revenue for AMD.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
