One signal

Nvidia has agreed to buy about $10bn of Anthropic shares through a private placement alongside Anthropic’s planned IPO, Axios reports, citing the company’s S-1 filing. The placement is part of a larger $26bn private raise, according to Axios.

That makes the chipmaker a major investor in the AI company, which has also committed to spend tens of billions of dollars securing Nvidia chips, the report says. A supplier becoming a significant investor is a relationship worth watching, even if Silicon Valley has never been shy about keeping its partners close. The report describes an agreement, not a completed investment. Nvidia’s commitment also follows Jensen Huang’s departure as CEO, which Axios says has created uncertainty about the investment’s status.

Discuss: Should AI companies welcome major investment from their chip suppliers, or does that make them too dependent on the same companies for both capital and computing power?

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