Hard Numbers: Honor’s ambitions, MGX’s cash infusion, Meta finances its data center needs, Anthropic’s funding round, TSMC’s US takeover
Chinese technology company Honor displays their new technology before the Mobile World Congress in Barcelona, Spain, on March 2, 2025.
50 billion: The fund MGX, led by the UAE’s national security adviser Sheikh Tahnoonbin Zayed Al Nahyan, is set to receive a $50 billion cash infusion from multiple Emirati sources to spend on artificial intelligence, according to a report Wednesday in the Wall Street Journal. MGX was recently named as one of the funders of OpenAI’s Stargate data center infrastructure plan, heralded by President Donald Trump just after he took office in January.
35 billion: Meta is in talks to raise $35 billion to finance its data center ambitions around AI, according to a Thursday report from Bloomberg. Apollo Global Management is set to lead the funding package for Meta, which previously said it would spend $65 billion on AI this year alone.
61.5 billion: Anthropic announced that it has raised $3.5 billion in a Series E funding round led by Lightspeed Venture Partners. The new round gives the Claude maker a $61.5 billion valuation, making it one of the most valuable privately held companies in the world.
$100 billion: Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, is expected to announce a $100 billion investment in the US over the next four years, the Wall Street Journal reported on Monday. The money will help build new chip factories in the US and add to the CHIPS Act-supported construction the company has already started.