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Huang admits NVIDIA missed investing in Anthropic because it couldn't fund multi-billion-dollar compute commitments
“We just weren't in a position to make the multi-billion dollar investment into Anthropic so that they could use our compute. But Google and AWS were and they put in huge investments in the beginning so that Anthropic in return use their compute.”
Why it matters
NVIDIA's CEO confirms the structural dynamic where cloud giants (Google, AWS/Amazon) capture frontier-lab compute demand via equity investments tied to compute purchase commitments — a channel NVIDIA lacks.
Investment implication
Reinforces that hyperscaler capex on custom and cloud compute for Anthropic flows to Google and Amazon (AMZN, GOOGL) rather than purely to NVIDIA; supports the thesis that frontier labs are partially locked into hyperscaler infrastructure.