00:00Bloomberg understands that Anthropic has agreed to a $35 billion computing deal with Lambda,
00:06a cloud provider backed by NVIDIA. The deal is part of an effort to quickly expand Anthropic's
00:12AI capacity. We can get more now with Neil Camplin, Bloomberg Senior Strategist.
00:17Neil, just very basically, why is this so significant?
00:21It's significant because Anthropic needs so much compute power, so they're looking to get it from
00:26any way that they can. And this is another kind of cloud provider that's also got backing in relation
00:32to HUD 8, which is also backed by NVIDIA. And the backers are also creating some of these sensors
00:40that are for the Google system. So it's all like all of the leaders in this space requiring more
00:46compute power. Now, given the size of this kind of deal, just coming on the back of another Neo cloud
00:53that Anthropic signed last week, it's showing that Anthropic's demands for compute power are just
01:01infinite for the time being. And probably just is another example of how we're likely to need
01:07that IPO to raise money.
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