Amazon's Anthropic stake is leading to a huge windfall
Amazon has reported a massive financial windfall from its investment in AI startup Anthropic, contributing significantly to its non-operating income. Both Amazon and Microsoft have seen substantial gains as Anthropic's valuation continues to climb ahead of a planned IPO.
Why it matters
It highlights the massive capital flows and valuation surges currently defining the generative AI industry.
Then-Amazon Web Services CEO Adam Selipsky gestures toward Anthropic CEO Dario Amodei during a conference. Noah Berger/Getty Images for Amazon Web Services Amazon's stake in Anthropic is paying off big time. Amazon said most of its other non-operating pre-tax income was due to its Anthropic holdings. Amazon has previously invested $13 billion in Anthropic. Amazon's stake in Anthropic is proving to be a massive boon to the world's largest online retailer. In its latest quarterly earnings report, Amazon reported non-operating pre-tax other income of $53.4 billion, "primarily from our investment in Anthropic."
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in