Anthropic has ended discussions to acquire AI chip startup MatX for approximately $7 billion. The deal was intended to accelerate Anthropic's development of custom hardware for its expanding AI business.
Both companies have now shifted negotiations toward a potential partnership. MatX, founded by former Google TPU engineers, is reportedly seeking new capital at a $4 billion valuation following the collapsed talks.
The shift highlights the mounting pressure on major AI labs to secure specialized computing resources and hardware to remain competitive.