$5 billion is the investment Advanced Micro Devices plans to commit to Anthropic, the artificial intelligence company, as part of a chip partnership between the two companies, the Wall Street Journal reported. AMD (Nasdaq: AMD) would hold both a financial position in Anthropic and a commercial chip arrangement under the reported deal structure. The transaction is described as planned; no completion has been confirmed.
Reported terms
The Wall Street Journal identified AMD as the investing party and Anthropic as the recipient. The $5 billion figure and the chip partnership are the only terms the report discloses. Equity structure, closing timeline, and specific chip terms were not included in the reporting.