AMD (AMD) and Anthropic sign major chips-and-investment deal, WSJ reports; Anthropic will purchase up to 2GW of AMD's latest-generation chips, Instinct MI450, starting in the H1 2027

AMD and Anthropic have signed a deal for tens of billions of dollars' worth of artificial-intelligence servers, strengthening AMD's competitive position against industry leader Nvidia and supplying Anthropic with much-needed computing power. AMD will invest up to USD 5bln in Anthropic -- its first check into the AI firm -- as certain deployment milestones are met. AMD is also in talks to provide a financial backstop for Anthropic's future data-center leases as well, according to a person with direct knowledge of the talks.