Mentioned:
Nvidia and Microsoft are making a new bet on the future of artificial intelligence. And they’re prepared to put up billions of dollars to do it.
What’s happening:
- Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) have committed billions in new funding to artificial intelligence company Anthropic
By the numbers:
- Microsoft will invest up to $5B USD into Anthropic and Nvidia will invest up to $10B USD
- Anthropic has also committed to purchasing $30B USD of Azure cloud computing capacity from Microsoft as part of the new strategic investment
Why it matters:
- This is one of the largest investments Microsoft and Nvidia have ever made into a private artificial intelligence company outside of OpenAI
Going deeper:
- Nvidia and Anthropic will also closely collaborate on co-designing future model architectures for leading edge performance on Nvidia’s GPUs in addition to guaranteeing that Anthropic will have access to their newest chips and hardware releases
The intrigue:
- Nvidia previously made major waves on Wall Street when they committed up to $100B USD in financing to OpenAI to accelerate their build out of large scale data centres
