All posts tagged: 100B

Anthropic takes B from Amazon and pledges 0B in cloud spending in return

Anthropic takes $5B from Amazon and pledges $100B in cloud spending in return

Published by skeptic

Anthropic announced on Monday that Amazon has agreed to invest a fresh $5 billion, bringing Amazon’s total investment in the company to $13 billion. Anthropic, for its part, has agreed to spend over $100 billion on AWS over the next 10 years, obtaining up to 5 GW of new computing capacity to train and run Claude. The deal echoes an agreement Amazon struck with OpenAI just two months ago, when it joined a $110 billion funding round — contributing $50 billion — that valued the ChatGPT maker at a $730 billion pre-money valuation. That deal, too, was structured partly as cloud infrastructure services rather than straight cash. At the heart of this deal is Amazon’s custom chips: Graviton (a low-power CPU) and Trainium (an Nvidia competitor and AI accelerator chip). The Anthropic deal specifically covers Trainium2 through Trainium4 chips, even though Trainium4 chips are not currently available. The latest chip, Trainium3, was released in December. On top of that, Anthropic has secured the option to buy capacity on future Amazon chips as they become available. …

Adani pledges 0B to build AI data centers as India seeks bigger role in the global AI race

Adani pledges $100B to build AI data centers as India seeks bigger role in the global AI race

Published by skeptic

Indian conglomerate Adani Group said on Monday it would invest $100 billion over the next decade to build data centers specialized for AI across the country, a move that underscores India’s ambition to play a larger role in the global AI race. The investment, which will run through 2035, is aimed at building renewable-energy-powered data centers designed to support AI workloads, the company said. It expects the plan to catalyze an additional $150 billion in related investments and result in a $250 billion AI infrastructure ecosystem in India over the decade. Adani is making this commitment against a backdrop of skyrocketing investments in AI infrastructure as companies increasingly look beyond the U.S. for computing power, energy and friendly regulation. India, with its expanding digital economy and growing renewable-energy capacity, has emerged as a major destination for data centers and AI-related infrastructure over the past couple of years. The announcement coincides with India’s ongoing AI Impact Summit in New Delhi this week, where leaders from some of the world’s top AI companies, including OpenAI, Nvidia, Anthropic, …

Nvidia CEO pushes back against report that his company’s 0B OpenAI investment has stalled

Nvidia CEO pushes back against report that his company’s $100B OpenAI investment has stalled

Published by skeptic

Nvidia CEO Jensen Huang said Saturday that a recent report of friction between his company and OpenAI was “nonsense.” Huang’s comments came after The Wall Street Journal published a story late Friday claiming that Nvidia was looking to scale back its investment in OpenAI. The two companies announced a plan in September in which Nvidia would invest up to $100 billion in OpenAI and also build 10 gigawatts of computing infrastructure for the AI company. However, the WSJ said Huang has begun emphasizing that the deal is nonbinding, and that he’s also privately criticized OpenAI’s business strategy and expressed concerns about competitors like Anthropic and Google. The WSJ also reported that the two companies are rethinking their relationship — though that doesn’t mean cutting things off entirely, with recent discussions reportedly focusing on an equity investment of a mere tens of billions of dollars from Nvidia. An OpenAI spokesperson told the WSJ that the companies are “actively working through the details of our partnership,” adding that Nvidia “has underpinned our breakthroughs from the start, powers …