Although this is a big win for all the companies involved, it's arguably Anthropic's big coming-out party. It's now the only major AI developer where Claude runs on all the big-three cloud platforms – Azure, AWS, and Google Cloud. The companies are also becoming ever more intertwined, with Microsoft and Nvidia jointly investing $15 billion in Anthropic.
In the wake of the deal's announcement, Anthropic's valuation is now thought to be around $350 billion, close to double its September valuation of $183 billion.
This further circularizes the AI industry, making all these companies even more interdependent. It's not that the industry is too big to fail; it's the threat that if any of them do, they might take all of the others with them.
Microsoft was an early investor in Anthropic rival and ChatGPT developer, OpenAI, and it doubled down on that earlier this year when it restructured its working relationship deal with OpenAI , taking an ownership stake while retaining access to its model data. Now, it's heavily invested in Anthropic and its Claude AI platform, which competes directly with OpenAI.
Although that might create conflicts of interest, Microsoft seems keen to back every horse it can, so that whoever ends up making the best models, Microsoft is there to take advantage regardless.
In that, it has a clear partner in Nvidia. Although Nvidia isn't quite as directly invested in AI transforming Windows 11 , it does want the AI demand to continue apace. At this time, Nvidia is arguably one of the few companies that has directly earned any material profit from AI. Everyone else is spending, investing, and building out the infrastructure they claim they need, not to be left behind by the competition.
Nvidia is selling all the hardware for that, and with its plans for an annual upgrade cycle for data center products , it needs the companies doing the buying to stay afloat, too.
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Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/artificial-intelligence/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/artificial-intelligence/anthropic-signs-usd30-billion-deal-with-amazon-to-deploy-claude-on-aws-nvidia-and-microsoft-jointly-invest-usd15-billion-into-ai-firm-as-it-becomes-first-provider-across-azure-aws-and-google#main
- https://www.tomshardware.com
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