The chip it sells pays the rent that buys the chip.
“Nvidia CFO Colette Kress says accusations that its AI-lab financing deals are circular are wrong, because "the NVIDIA compute platform is fungible and durable and can be redeployed to support other customers."”
Colette Kress, Nvidia CFO, 26 August 2026
Recorded 5 September 2026. Our ruling means: literally true, materially misleading.
A lot of these investments are designed to help the frontier labs, especially OpenAI and Anthropic, but both of them are designing their own [custom chips].
Anthropic has signed a deal to rent about $45 billion in AI compute from Nscale, a British AI infrastructure company, a source familiar with the deal told TechCrunch.
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“AI is dramatically accelerating AI research at Anthropic right now, roughly doubling the pace of capabilities progress.”
TRUE, BUTLab Not FieldAjeya Cotra on Planned Obsolescence, reading METR's assessment and Anthropic's S-1 statement that it may imminently meet its own threshold
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