Anthropic inks $35 billion cloud computing deal, backed by Nvidia.

Beating AI Express News: According to a Wall Street Journal report, sources familiar with the matter disclosed that Anthropic has signed a $35 billion cloud computing agreement with Lambda, a cloud service provider backed by Nvidia. The relevant data center is located in Nueces County, Texas, built by Bitcoin miner and data center developer Hut 8. Nvidia has signed an agreement with Hut 8 to lock in computing capacity and will directly hold the data center lease. Under the transaction, Lambda will install chips purchased from Nvidia in the data center built by Hut 8, then provide cloud computing services to Anthropic. It remains unclear how much Lambda will pay Nvidia for data center usage. This arrangement allows Lambda to secure a large contract with Anthropic without procuring its own data center space, while helping Anthropic access Nvidia’s computing resources. Earlier this year, Anthropic faced tight computing power supply, and this month it also signed a $45 billion deal with another Nvidia-backed cloud service provider, Nscale, to rent Nvidia computing power at its West Virginia data center. Hut 8 previously disclosed that its 700-megawatt campus in Texas has been granted a 15-year full lease by a high-investment-grade company; the facility is valued at $20 billion and will be used to deploy Nvidia chips.