TSMC to invest up to $1 billion in Anthropic, OpenAI

Anthropic, the company behind the AI model Claude, was initially planning to rent power for its data centers. However, it has decided to invest $3.4 billion to purchase generators instead. This move makes it the largest known purchase of power-generation equipment by any AI lab, according to the Financial Times. The deal involves taking over generators from San Antonio-based supplier OnePWR Solutions, which were originally ordered from Caterpillar two years ago.

Along with the hardware, OnePWR also secured the engineering and construction work needed for installation. The generators are expected to start arriving soon, with deliveries continuing over the next two years. Anthropic's IPO filing warned of potential price increases in fuel as it competes with larger companies for the same supply and pipelines.