AMD to sell Anthropic tens of billions in AI servers, invest up to $5 billion in startup

Anthropic will buy up to two gigawatts of AMD's latest-generation Instinct MI450 chips, starting in the first half of 2027, the companies said. AMD's investment in Anthropic will be tied achieving certain deployment milestones.

AMD executives have said 1 gigawatt of computing power, enough to power roughly 750,000 U.S. homes, can cost double-digit billions of dollars.

Shares of Santa Clara, California-based company ticked up 0.5% in early trading. The stock has more than doubled in value so far this year.

In October, AMD announced a multi-year deal with OpenAI that would also bring in tens of billions of dollars in annual revenue while giving the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.