Anthropic agrees to $35 billion cloud deal with Nvidia-backed Lambda
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Anthropic PBC agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia Corp., according to a person familiar with the matter. The agreement is part of Anthropic's effort to quickly expand its AI capacity. Infrastructure company Hut 8 is developing the Texas data center involved in the project.
Key Facts
- Anthropic PBC agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia Corp.
- Infrastructure company Hut 8 is developing the Texas data center involved in the project, located in Nueces County.
- Nvidia will hold the lease on the data center, according to The Wall Street Journal.
- Anthropic last week agreed to spend $45 billion to rent capacity from Nscale in West Virginia.
- Lambda is in talks to raise as much as $3 billion, with a discussed valuation of $12 billion or more.
The Deal
Anthropic PBC agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia Corp., according to a person familiar with the matter. The agreement is part of Anthropic's effort to quickly expand its AI capacity. Infrastructure company Hut 8 is developing the Texas data center involved in the project, said the person, who asked not to be identified because the discussions are private. The Wall Street Journal previously reported on the agreement, saying that Nvidia would hold the lease on the data center, which is in Nueces County, Texas.
Anthropic's Expansion
Anthropic has emerged as one of the most significant customers for data center power. The Claude chatbot maker last week agreed to spend $45 billion to rent capacity from Nscale in West Virginia. In recent months, it has also signed cloud deals for $50 billion with neocloud Fluidstack Ltd. and $45 billion with Elon Musk's SpaceX.
Lambda's Funding
Lambda is in talks to raise as much as $3 billion, Bloomberg reported last week. The company has discussed a valuation of as much as $12 billion or more, according to people familiar with the talks. Lambda raised more than $1.5 billion in a November funding round. The company also reached an agreement with Microsoft Corp. last year to deploy AI infrastructure that would be powered by tens of thousands of Nvidia processors.
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Anthropic agrees to $35 billion cloud deal with Nvidia-backed Lambda
