SynopsisAMD has been ​seeking to expand its foothold in the fast-growing ​AI chip market as developers look to diversify beyond Nvidia, while Anthropic has ​been racing to secure ⁠computing capacity ‌to meet growing demand for ​its ​AI services.Advanced Micro Devices said on ​Wednesday it would ​invest up to $5 billion in ​Anthropic and the artificial intelligence startup would buy up to 2 gigawatts of AMD's latest-generation AI ‌chips, ⁠beginning in ⁠the first half of 2027.AMD has been ​seeking to expand its foothold in the fast-growing ​AI chip market as developers look to diversify beyond Nvidia, while Anthropic has ​been racing to secure ⁠computing capacity ‌to meet growing demand for ​its ​AI services.The Wall Street Journal ⁠earlier reported that Anthropic would use ​some of the chips at its ​own data centers and lease additional capacity through cloud providers and neocloud operators.The report added that AMD was in talks to provide a financial ‌backstop for Anthropic's future data-center leases.AMD Chief Executive Lisa Su said ​the companies' ​engineering teams ⁠had been working together for some time and that large-scale AI computing deployments require ​long-term planning.The investment will be tied to certain deployment milestones, AMD said. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now