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AMD to sell Anthropic tens of billions in AI servers, invest up to $5 billion in startup
(www.reuters.com)
This is a most excellent place for technology news and articles.
More circular financing. Definitely a sign that everything is going great.
This isn’t circular financing. They will sell more than they’ll invest and that money does not disappear when the bubble pops.
It's not circular, but it is unclear under which conditions and when Anthropic will pay for the servers, as they don't have enough money right now. The article says that they intend to lease some of the servers, but also that AMD will provide a "financial backstop". It seems to me AMD is taking all the risk to get a foothold in the industry.