Anthropic's $35B Lambda Deal Is the main topic

The main topic on Bloomberg's podcast is Anthropic writing a $35 billion check for compute. The Claude maker agreed to buy cloud capacity from Nvidia-backed Lambda to expand AI training and inference.

It is Nvidia helping create demand for its own chips.

Inside Anthropic's $35 billion Lambda deal

Anthropic will spend $35 billion with Lambda for capacity at a 350-megawatt data center in Nueces County, Texas, developed by Hut 8. Nvidia holds the lease and supplies the chips, Lambda operates the site, and Anthropic buys the compute.

The full discussion can be found on Bloomberg Podcast's YouTube channel.

The deal runs six years and follows a string of similar commitments, including a $45 billion Nscale deal and a $50 billion Fluid Stack deal cited on the show. Bloomberg noted an S-1 could drop any day, which will show how these commitments stack on the balance sheet.

How Nvidia's $3.5 billion MediaTek bet fits in

Nvidia will buy $3.5 billion in MediaTek convertible bonds, and MediaTek will adopt Nvidia's NVLink Fusion platform. MediaTek's market value hit $218 billion after a near 10% surge that added roughly $20 billion.

The pact gives hyperscalers a pre-validated path to build custom chips that plug into Nvidia racks. CEO Jensen Huang framed it as freedom to create differentiated AI systems at scale.

Why AI deals are shaking up global bond yields

Global yields hit 2008 highs as tech issuance floods the market. Six hyperscalers now make up about 5% of the US high-grade index, double their share two years ago.

JP Morgan Asset Management said hyperscalers could add $1.5 trillion more debt before hitting average leverage. Its investment bank estimates the total AI buildout hits $5.5 trillion by 2030, so debt and private capital must fill the gap beyond cash flow, though that math depends on spending holding at projected levels.

What Elon Musk told the G20

Speaking virtually at the G20 Innovation Ministerial in North Carolina, Elon Musk said AI will probably increase the global economy by 20% to 30%. That is on the order of $20 trillion to $30 trillion per year.

He predicted AI will do anything digital that does not require shaping atoms by hand by end of next year and urged a lighter touch on regulation. Nvidia's Jensen Huang and OpenAI's Sam Altman were also slated to appear.

What's changing at Apple as John Ternus steps up

John Ternus becomes Apple CEO on September 1, with Tim Cook moving to executive chairman. Cook turned a $350 billion company into a $4.6 trillion brand with shares up almost 2,300% since August 2011.

Ternus, senior vice president of hardware engineering, was described as a product leader inheriting a services-driven margin story. The handover lands a week before Apple's September 9 unveil, expected to center on a foldable iPhone priced north of $2,000.

Bond markets are voting that AI capex is not slowing. Equity markets are still deciding who pays for it.