Anthropic's IPO Filing Discloses Multi-Platform Compute Layout; Analysts Say Nvidia's Pricing Power May Come Under Pressure
In its IPO application filing (Form S-1), Anthropic disclosed that the company has integrated four types of chips—Amazon Trainium, Google TPU, Nvidia GPUs, and AMD GPUs—into a unified resource pool, and then uses software to allocate computing tasks to the chips that can deliver the greatest benefit. Patrick Moorhead, founder of Moor Insights & Strategy, believes that what could really be affected is Nvidia's pricing power, and that customers able to flexibly allocate compute across four platforms are in a different position in negotiations. Anthropic is still investing billions of dollars in Nvidia compute, and Brad Gastwirth, an analyst at Circular Technology, believes there will be no major threat to Nvidia in the short term.
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Anthropic's IPO filing discloses unified scheduling of four types of chips, and analysts discuss on this basis how much Nvidia's pricing power could be affected.
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Anthropic's IPO Filing Discloses Multi-Platform Compute Layout, Nvidia's Pricing Power May Come Under Pressure
2026-10-28 14:35 IT Home - Qingyuan
IT Home, October 28 news: According to a report by Business Insider in the early hours of today (the 28th), Anthropic is simultaneously using multiple types of chips to handle AI computing tasks in order to diversify risk. This strategy could, in the long run, shake Nvidia's market dominance.
On the 26th local time, the IPO application document (Form S-1) published by Anthropic showed that the company integrates computing power provided by multiple strategic partners into a unified resource pool, and then uses software to distribute computing tasks to the chips that can use them most effectively.
IT Home learned from the report that the chips used by Anthropic fall into four major categories: Amazon Trainium, Google TPU, Nvidia GPU, and AMD GPU. To achieve this cross-platform scheduling, the company spent years and large sums of money.
Patrick Moorhead, founder and CEO of Moor Insights & Strategy, believes that Anthropic did not just start using multiple chips, but is beginning to use this capability as a major advantage to attract investors. "What could really be hit is Nvidia's pricing power. A customer able to flexibly allocate computing tasks across four platforms and a customer unable to do so are simply not in the same position when negotiating."
IDC analyst Ashish Nadkarni pointed out that another benefit of using multiple chips is reducing the impact of fluctuations in Nvidia chip supply.
Anthropic is also still investing billions of dollars in Nvidia computing power.
Gil Luria, head of technology research at D.A. Davidson, believes that large companies such as OpenAI are likely to adopt similar approaches, but for smaller companies, investing large amounts of money and effort in this may not be worthwhile.
Brad Gastwirth, global head of research and market intelligence at Circular Technology, pointed out that Anthropic's strategy will not pose a major threat to Nvidia in the short term. Customers having more chip choices does not mean Nvidia's advantages in performance, networking, and software will disappear.
Ken Griffin, CEO of Citadel, warned in an interview with Bloomberg last week that if computing power supply exceeds demand, rental prices could fall: "GPUs are like airlines; the marginal cost of running them is very low. Once there is overcapacity, prices will plummet."