A major rival to ChatGPT has secured $15bn in fresh backing from Microsoft and Nvidia, while simultaneously agreeing to spend $30bn on their services — the latest in a series of circular mega-deals fuelling Silicon Valley’s AI boom.
Anthropic, the creator of the Claude chatbot and AI coding tools, has raised $10bn from Nvidia and $5bn from Microsoft. In exchange, the company has committed to purchasing $30bn worth of computing capacity from Microsoft — much of it powered by Nvidia’s cutting-edge AI chips running inside Microsoft’s data centres.
The arrangement adds to a growing list of highly engineered partnerships in which Big Tech pours capital into AI labs, only for those labs to funnel the money back into the giants’ cloud and hardware infrastructure.
OpenAI, maker of ChatGPT, has announced more than $1 trillion in AI infrastructure commitments, with partners simultaneously investing further funds into the company — a pattern that has intensified concerns that the industry is inflating an AI bubble.
Anthropic, founded by former OpenAI executives, has positioned itself as a leading alternative in the race for advanced AI, emphasising a strong focus on safety, ethics, and responsible development.
