Anthropic signs US$35 billion pact with Nvidia-backed Lambda

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeInformation TechnologyNewsAnthropic signs US$35 billion pact with Nvidia-backed LambdaThe Claude chatbot maker has emerged as one of the most significant customers for data centre powerAuthor of the article:Anthropic also last week agreed to spend US$45 billion to rent capacity from Nscale in West Virginia Photo by SEBASTIEN BOZON/AFP via Getty ImagesAnthropic PBC agreed to a US$35 billion computing deal with Lambda, a cloud provider backed by Nvidia Corp., part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountInfrastructure company Hut 8 is developing the Texas data centre involved in the project, said the person, who asked not to be identified because the discussions are private. The Wall Street Journal previously reported on the agreement, saying that Nvidia would hold the lease on the data centre, which is in Nueces County, Texas.The deal is just the latest AI computing agreement tied to Nvidia, the world’s most valuable business and the leading provider of AI chips. The company has been using its financial resources to expand access to computing infrastructure, which, in turn, should increase demand for its technology.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againEarlier this week, Nvidia also agreed to put US$3.5 billion into chip designer MediaTek Inc., marking its largest direct investment outside the United States.Anthropic, meanwhile, has emerged as one of the most significant customers for data centre power. The Claude chatbot maker last week agreed to spend US$45 billion to rent capacity from Nscale in West Virginia. In recent months, it has also signed cloud deals for US$50 billion with Fluidstack Ltd. and US$45 billion with Elon Musk’s SpaceX.A representative for Anthropic declined to comment. Nvidia, Lambda and Hut 8 didn’t immediately respond to requests for comment.Lambda is in talks to raise as much as US$3 billion, Bloomberg reported last week. The company has discussed a valuation of as much as US$12 billion or more, according to people familiar with the talks.Lambda raised more than US$1.5 billion in a November funding round. The company also reached an agreement with Microsoft Corp. last year to deploy AI infrastructure that would be powered by tens of thousands of Nvidia processors.Bloomberg Beta, the venture capital arm of Bloomberg News parent Bloomberg LP, has also invested in Lambda.—With assistance from Lynn Doan and Ian King.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.