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Budapest, Hungary. 13th Apr, 2026. Peter Magyar waves the Hungarian flag after his speech during the TISZA party’s election night event in Budapest. Photo: ZUMA Press/Alamy The Index team has been absorbed in everything Hungary-related this week. No surprise there, given Péter Magyar’s seismic election victory on Sunday, and Index’s roots in eastern Europe. Our latest magazine – just launched – explored the effect Orbán’s had in Hungary and on spreading his brand of illiberal democracy. We’re deep in the conjecture stage, awaiting what happens next and asking what an ex-Fidesz conservative who rode to power on an anti-corruption campaign will mean for freedom of expression. Could be good, could be the same old. We’ll be watching closely. Already some positive news there though: Magyar has announced that he will suspend the Orbánised state media and only restore it when objective and impartial reporting can be ensured. It’s a similar move to the one Donald Tusk made when he became Prime Minister of Poland. Magyar also announced that he’d be looking into Viktor Orbán’s influence campaigns. Martin Bright reported on this for the latest magazine, attending a conference in Brussels which was funded by the Hungarian government and intended to bring together far right parties from around Europe. The event was part of a much wider project paid for partly by Russian oil money (filtered through Hungary) which smacked of foreign interference in European democracy. There now needs to be an urgent investigation of the funding of UK-based organisations and politicians by the Orbán government. And when it comes to illiberal forces meddling in overseas affairs, there is way too much of that around. The Guardian rather made the point for me when they broke the story this week of London’s Victoria and Albert Museum censoring its own catalogues to keep in with Beijing. A series of images were removed upon the request of the Chinese printers. One of the images was a historic map of the British Empire, which included China. Presumably its 1930s borders didn’t dovetail with Beijing’s current narrative around Xinjiang and Tibet. This is not the first time the V&A has done an image swap upon the request of Beijing. Nor is the V&A alone, such interference has been happening for a while. The V&A’s justification came down to cost. Apparently using a Chinese printer is half the price of a British or European one. I don’t doubt that. But while I have no idea of the financial margins we’re talking about here, I do know about the broader consequence: An emboldened China, a country that places bounties on the heads of Hong Kong dissidents and harasses lawyers, protesters, activists and journalists alike over here. This is the real cost of doing business on Beijing’s terms. It’s depressing that our cultural institutions – which are meant to be the leading incubators of plural thought after all – are playing ball. The cost also isn’t confined to China; such capitulation emboldens others. So yes it’s great that this week we’ve potentially been rescued from the full-scale Orbánisation of Europe, but he was ultimately just a symptom of a rotten global order, one where speech rights can be bought by the highest bidder – or in the case of the V&A the one offering the cheapest paper. READ MORE

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Tuesday, April 21
Cryptocurrency & Free Speech Finance

Amazon Will Invest Up to $25 Billion More in Anthropic as AI Demand Surges

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Amazon Will Invest Up to Billion More in Anthropic as AI Demand Surges

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In brief

  • Amazon announced up to $25 billion in new investment in AI startup Anthropic, with $5 billion committed immediately.
  • Anthropic commits to spending $100 billion on AWS infrastructure over the next 10 years.
  • The AI company secured 5 gigawatts of computing capacity on Amazon’s custom Trainium chips.

Amazon.com announced an expanded partnership with AI startup Anthropic late Monday, committing up to $25 billion in new investment that includes $5 billion immediately and up to $20 billion more tied to commercial milestones.

The deal adds to Amazon’s previous $8 billion investment in Anthropic, bringing its total potential stake to $33 billion. In return, Anthropic committed to spending over $100 billion on Amazon Web Services technologies through 2036.

The AI company will access up to 5 gigawatts of computing capacity for training and deploying its Claude AI models on Amazon’s custom silicon. Anthropic currently uses 1 million AWS Trainium2 chips, and will gain additional Trainium2 and Trainium3 capacity as Amazon brings 1 gigawatt online by the end of 2026.

“Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it’s in such hot demand,” said Amazon CEO Andy Jassy, in a statement. “Anthropic’s commitment to run its large language models on AWS Trainium for the next decade reflects the progress we’ve made together on custom silicon, as we continue delivering the technology and infrastructure our customers need to build with generative AI.”

Amazon’s latest AI partnership follows its $50 billion contribution to OpenAI’s $110 billion funding round two months ago, a deal that valued OpenAI at $730 billion pre-money. The e-commerce giant expects to spend $200 billion on capital expenditures this year, with the majority allocated to AI infrastructure development.

Founded in 2021 by former OpenAI researchers and executives, Anthropic has grown its annualized revenue to over $30 billion. The company’s Claude AI models compete directly with OpenAI’s GPT series and Google’s Gemini.

Amazon’s custom chip roadmap includes the Trainium3 processors released in December 2025 and the upcoming Trainium4, which AWS says will deliver 2 exaflops of performance for FP4 data processing.

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