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Anthropic explored $7 billion acquisition of AI chip startup MatX, sources say
🇸🇬 Singapore /Technology

Anthropic explored $7 billion acquisition of AI chip startup MatX, sources say

From CNA · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • AI lab Anthropic explored acquiring AI chip startup MatX for roughly $7 billion to develop custom hardware.
  • Talks have evolved into discussions about a potential partnership, though the reasons for the original acquisition talks ceasing are unclear.
  • MatX, founded by former Google engineers, is now seeking new capital at a valuation of about $4 billion.

Artificial intelligence company Anthropic had explored acquiring the AI chip startup MatX for approximately $7 billion, according to two sources briefed on the matter. The move was intended to accelerate Anthropic's efforts to develop custom hardware for its rapidly expanding AI business.

These discussions, which a third source indicated have shifted towards a potential partnership, highlight the AI lab's strategic ambition to secure the necessary resources and talent for in-house chip development. The ultimate goal is to expedite Anthropic's progress in creating its own specialized chips.

Reuters first reported on these discussions, but the reasons why the talks are no longer active could not be determined. MatX, established by former engineers from Google's tensor processing unit (TPU) team, is reportedly now seeking to raise new capital at a valuation of around $4 billion, according to one of the sources.

Anthropic has declined to comment on the deal talks with MatX, and MatX did not respond to a request for comment.

About this summary

Originally published by CNA in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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