Microsoft Corporation (MSFT.US) and NVIDIA Corporation (NVDA.US) have announced their investment of up to $15 billion in Anthropic. "Circular AI investment" has raised concerns of a bubble.

Microsoft Corporation (MSFT.US) and NVIDIA Corporation (NVDA.US) announced on Tuesday that they will jointly invest up to $15 billion in the artificial intelligence company Anthropic, further strengthening the cooperation between this major competitor of OpenAI and the two tech giants. At the same time, Anthropic has committed to purchasing $30 billion worth of computing power from Microsoft Corporation's Azure cloud services. This move continues the trend in recent years of cloud computing and chip manufacturers tying up with top AI developers through capital and computing power, with the latter then buying products and services from the former. Investors are increasingly wary of this "circular AI investment" trend, fearing that it may be a sign of a tech bubble. Following the announcement, Microsoft Corporation's stock price fell 3.3% on Tuesday, and NVIDIA Corporation fell nearly 3%. For Anthropic, this arrangement further strengthens its cooperation with Microsoft Corporation. In recent years, Microsoft Corporation has invested over $13 billion in OpenAI and played a key role in the launch of ChatGPT. However, the competition between Microsoft Corporation and OpenAI has become more open in recent times, making Microsoft Corporation's collaboration with other AI model suppliers more strategically significant. Founded by several former OpenAI employees in 2021, Anthropic emphasizes its positioning of safer and more reliable models. Despite being smaller than OpenAI, its Claude series of models has gained significant market share among enterprise clients and developer communities in sectors such as finance and healthcare. The company was valued at $183 billion in September this year after raising $13 billion, and it claims to have 300,000 commercial customers. As competition intensifies, Anthropic is accelerating the expansion of infrastructure to support the development and application of large models. The company plans to invest $50 billion to build specialized AI data centers in multiple states in the United States, including Texas and New York. In addition to Microsoft Corporation, Anthropic has also deepened its cooperation with Alphabet Inc. Class C (GOOG.US, GOOGL.US) in recent months. Alphabet Inc. Class C will provide Anthropic with up to 1 million dedicated AI chips, in a deal worth billions of dollars. Furthermore, Anthropic's models will also be deployed on Microsoft Corporation's Foundry cloud-based AI model deployment platform. Previously, Microsoft Corporation Azure has integrated models from OpenAI, Meta (META.US), DeepSeek, and Musk's xAI, among others, but has been lacking the Claude series. Microsoft Corporation has announced that it will use Anthropic's models to support its enterprise office AI assistant. Despite the ongoing expansion of new partnerships, Amazon.com, Inc. (AMZN.US) remains the primary cloud service provider for Anthropic. Amazon.com, Inc. previously invested $8 billion in this AI startup and developed large-scale data centers and dedicated AWS AI chips for it.