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Microsoft & Nvidia Invest Billions in Rival to Challenge OpenAI
18 Nov
Summary
- Microsoft and Nvidia are investing in Anthropic.
- Anthropic committed $30 billion to use Microsoft's cloud services.
- Nvidia will invest up to $10 billion, Microsoft up to $5 billion.
Microsoft and Nvidia are deepening their ties with AI firm Anthropic through a major new partnership. Anthropic has committed to spending $30 billion on Microsoft's cloud services, while Nvidia is investing up to $10 billion and Microsoft up to $5 billion in the company. This significant investment highlights the intense race for AI computing power and establishes Anthropic as a key rival to OpenAI.
The collaboration aims to diversify the AI ecosystem, lessening dependence on OpenAI. Microsoft, a primary backer of OpenAI, is now also strengthening its relationship with Anthropic. Similarly, Nvidia, a crucial AI chip supplier, is broadening its market engagement beyond its previous reliance on OpenAI's success.
Anthropic, founded by former OpenAI employees, has gained considerable traction, particularly with enterprise clients. The company projects substantial revenue growth and has already amassed over 300,000 business customers, solidifying its position as a formidable competitor in the rapidly evolving AI landscape.
