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Aug 26, 2026

Anthropic planned $7 billion acquisition of MatX, then abandoned deal

Anthropic discussed buying AI chip startup MatX for roughly $7 billion to develop custom hardware for its AI business, but abandoned the plan. The company is now pursuing a $45 billion cloud computing deal with Nscale instead.

Aug 26, 2026·4 sources

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Top claims

▪Anthropic hired Google chip veteran Amir Salek and former OpenAI chip engineer Clive Chan to support its hardware and custom chip design push
▪Anthropic expanded its compute partnerships in April 2026, gaining an additional 5 gigawatts of compute from Amazon and expanding relationships with Google and Broadcom
▪Anthropic signed a six-year agreement worth approximately $45 billion to rent AI cloud computing power from British infrastructure startup Nscale

Topics

Cloud Computing Compute, chips & AI infrastructure AI startups