Anthropic Abandons $7B MatX Acquisition, Pursues Custom Chip Collaboration

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Anthropic has abandoned its $7 billion plan to acquire AI chip company MatX, opting instead for custom chip partnerships to power its Claude AI model. The shift aims to reduce dependence on Nvidia and accelerate hardware development. MatX is now seeking $4 billion in new funding. New token listings continue to emerge in the AI and crypto news space as the sector evolves.

ChainThink reports that, on August 28, according to Reuters, Anthropic has abandoned its plan to acquire AI chip startup MatX for $7 billion.

MatX is currently seeking approximately $4 billion in new funding.

Anthropic is currently in discussions with several chip startups to explore developing custom, in-house chips that accelerate the hardware development of its AI model, Claude, reducing reliance on Nvidia chips.

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