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TSMC board approves up to $1B investment in OpenAI and Anthropic

1 report1 sourceupdated 9 hours ago

What happened

AI digest

Ars Technica reported on November 12 that TSMC's board approved a plan to invest up to $1 billion total in OpenAI and Anthropic, taking direct equity stakes in both AI developers. Citing Reuters, the report says TSMC will put in up to $500 million for OpenAI preferred shares sold to large investors, and another $500 million for Anthropic common stock at its expected IPO price. Only the board approval is disclosed; the report does not say the deals have closed.

Written by AI from the coverage · updated 8 hours ago

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Nov 12
  1. Ars Technica · AIPick
    TSMC plans $1B investment in Anthropic and OpenAI

    TSMC's board approved a plan to invest up to $1 billion total in OpenAI and Anthropic, taking direct equity stakes in both AI developers. Per Reuters, TSMC will put up to $500 million into OpenAI preferred shares for large investors, and another $500 million into Anthropic common stock at its expected IPO price.

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