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Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say

Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say
Channel News Asia Thursday 27 August 2026, 21:22 UTC 1 min read
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Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters. The merger talks, which a third person said have evolved into a discussion about a partnership, underscore the AI lab’s ambition to secure the resources and...

Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters. The merger talks, which a third person said have evolved into a discussion about a partnership, underscore the AI lab’s ambition to secure the resources and talent needed to build its own chips. The goal is to help Anthropic accelerate its in-house chip development. Reuters is reporting on the discussions for the first time but could not learn why the talks are no longer active. MatX, founded by former Google tensor processing unit (TPU) engineers, is now seeking to raise new capital at a valuation of about $4 billion, one of the people said, requesting anonymity to discuss private matters. Anthropic declined to comment on deal talks with MatX. MatX did not respond to a request for comment.
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