CONNECT WITH US
AI & Deeptech

AI & Deeptech

TSMC to invest up to $1 billion in Anthropic, OpenAI

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
TSMC to invest up to $1 billion in Anthropic, OpenAI

Business News Tech AI TSMC to invest up to $1 billion in Anthropic, OpenAI

The company is positioning itself to benefit not only from supplying AI infrastructure, but also from owning stakes in some of the industry's most influential developers. TSMC's board approved on Tuesday an investment of up to $500 million to acquire shares in Anthropic at its initial public offering price, and an investment of up to $500 million to acquire preferred stock in OpenAI.

TSMC plans to invest up to $1 billion across leading AI developers Anthropic and OpenAI , highlighting the Taiwanese chipmaker's confidence in long-term demand for the technology even as concerns grow about soaring AI spending. The company is positioning itself to benefit not only from supplying AI infrastructure, but also from owning stakes in some of the industry's most influential developers. TSMC's board approved on Tuesday an investment of up to $500 million to acquire shares in Anthropic at its initial public offering price, and an investment of up to $500 million to acquire preferred stock in OpenAI.

4 trillion in what would be one of the largest stock market debuts on record. The Claude maker is also raising $26 billion through a separate private placement backed by investors, including Alphabet's Google, Nvidia , AMD and Microsoft. TSMC is the world's largest contract chipmaker and a critical supplier to leading AI firms, including Nvidia, whose pricey graphics processors underpin many of today's AI models. Last month, TSMC reported a sixth consecutive quarter of record profit and said demand for AI-related chips remained "extremely robust," even as it adopted a cautious outlook for 2027.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.