Microsoft and Nvidia plan to invest a combined $15 billion into Anthropic. Bloomberg Intelligence's Mandeep Singh discusses why two of the biggest backers of OpenAI are putting money into its rival.

San Francisco

Microsoft and Nvidia are preparing to invest up to $15 billion in Anthropic, a leading provider of large language models (LLMs). This move is part of both companies' strategies to diversify their AI investments beyond existing partnerships, such as Microsoft's current relationship with OpenAI, and to ensure access to advanced AI technologies as the industry evolves.

The investment is seen as a way for Microsoft to secure alternatives in the AI space, especially as its contract with OpenAI is set to expire in 2032. For Nvidia, the deal supports its goal of expanding the use of its chips among cloud providers. The investment also contributes to Microsoft's broader business strategy, enhancing its revenue visibility and differentiating it from other major cloud service providers.

Microsoft, Nvidia to invest up to $15 billion in Anthropic

It seems as though this could really be rivaling open AI. Well so the way I look at it is everyone is looking to diversify. So in the case of NVIDIA they want a long tail of cloud players for their chips. In the case of Microsoft they want to go beyond open AI and diversify into different LLM. And because there are so few frontier LLM providers I mean Anthropic is the obvious choice. You can't really invest in Google or met as LLM. So from that perspective it makes sense that they are looking for diversification. But look in the end when you look at you know the deployment of these LLM there is no doubt that you know Gemini just released their Gemini 3 LLM. So the progress is there is just for Microsoft because they don't have their own LLM. It makes sense that you know they are investing in Anthropic and really making sure they have you know someone beyond open AI to look up to be because that contract expires in 2032. So they're really playing the long game here and then playing the long game for compute demand as well. How important is that 30 billion dollars to the overall business model. I mean Microsoft has a backlog of 400 billion dollars with a two year duration. So they already have a ton of visibility. This 30 billion is sort of an increment to that. And that's where you know they have really differentiated from the other hyperscale cloud providers with their backlog with their shorter duration and with the visibility and revenue they have from you know just the GPU and AI workloads compared to all other cloud providers. So from that perspective this kind of helps their revenue visibility at least for the next two to three years.

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