Nvidia-Backed Lambda Secures Massive Cloud Deal for Anthropic

Nvidia Corp (NASDAQ:NVDA) has signed a massive cloud agreement with its backed company Lambda, giving Anthropic access to computing capacity for its Claude AI products.

The deal is worth $35 billion and will support Anthropic's growing demand for infrastructure. The company's annualized revenue run rate climbed to $65 billion by the end of July, according to people familiar with the matter.

Anthropic has been aggressively building its computing capacity following supply constraints earlier this year. The company recently agreed to spend $45 billion over six years with another Nvidia-backed cloud provider, Nscale, for computing capacity in West Virginia.