Anthropic's $35 Billion Compute Deal with Lambda Highlights Circular Financing and Nvidia Subsidies in AI...

Anthropic has entered into a massive $35 billion compute agreement with Lambda, a smaller-scale cloud infrastructure provider. While initially appearing to signal decentralization away from major hyperscalers, market scrutiny reveals that Lambda's operations are deeply subsidized and backed by Nvidia.
This arrangement underscores a broader circular financing pattern within the artificial intelligence sector, where chip manufacturers and AI developers mutually fund infrastructure expansion, raising questions about capital concentration and sustainability across the AI ecosystem.