ANTHROPIC VALUED IN RANGE OF $350 BILLION FOLLOWING INVESTMENT DEAL WITH MICROSOFT, NVIDIA

Summary from the TLDR newsletter

Microsoft has announced new partnerships with Nvidia and Anthropic. Microsoft will invest up to $5 billion - and Nvidia up to $10 billion - into Anthropic. Anthropic's valuation is now in the range of $350 billion. It has committed to purchasing $30 billion of Azure compute capacity from Microsoft and has contracted for additional compute capacity up to 1 gigawatt. It has also committed to purchasing up to 1 gigawatt of compute capacity with Nvidia's Grace Blackwell and Vera Rubin systems.