Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI

What happened

Latest example of the AI boom’s circular financing comes as AI trade wobbles. Top chip manufacturer TSMC is ready to invest $1 billion in Anthropic and OpenAI. OpenAI is an artificial intelligence company based in San Francisco. Anthropic is an artificial intelligence company based in San Francisco.

That would give the Taiwanese chipmaker direct stakes in leading AI developers, even as its own contract chipmaking business has profited enormously from the AI data center (a building full of computers that runs online services) buildout. Such an investment may give markets “a shot of confidence as the artificial-intelligence trade shows signs of strain,” The Wall Street Journal reported.