Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Latest example of the AI boom’s circular financing comes as AI trade wobbles.
TL;DR
- TSMC plans to invest $1 billion, split equally between OpenAI and Anthropic.
- The investment aims to give TSMC direct stakes in leading AI developers.
- This follows TSMC's substantial profits from supplying chips for AI data centers.
- Analysts caution that circular financing makes it hard to gauge real AI market demand.
- TSMC manufactures chips for major AI players like Nvidia and Apple.
- The company has reported six consecutive quarters of record profits.
- TSMC's investment is smaller than similar deals by Nvidia.