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Microsoft Corp. and Nvidia Corp. will invest as much as $15 billion in Anthropic PBC, marking one of the largest joint bets on an artificial intelligence startup. The move strengthens Anthropic’s alliances with key players backing rival OpenAI and further intensifies competition in the global AI arms race.

Microsoft shares fell 2.6% on Tuesday following the announcement.

Anthropic to Buy $30 Billion in Azure Computing

As part of the deal, Anthropic has agreed to purchase $30 billion in cloud computing capacity from Microsoft’s Azure, the companies said on Tuesday.

This deepens a trend where cloud and chip giants invest in AI developers — who in turn channel massive spending back into their technology stacks.

The structure of

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