Anthropic planned, then abandoned $7 billion purchase of MatX
Anthropic planned to acquire AI chip startup MatX for approximately $7 billion to enhance its custom hardware development but later abandoned the talks. The discussions have shifted towards a potential partnership as MatX seeks new capital at a $4 billion valuation. Anthropic aims to reduce reliance on Nvidia chips and is preparing for an IPO, targeting a $2 trillion valuation by 2028.