Amazon just made one of its most lucrative bets in its history, and it is not through its own business but …
Amazon has turned its $8 billion investment in AI startup Anthropic into one of the most lucrative bests in its history. According to a report by Business Insider, as per a quarterly filing from late April, Amazon’s stake in Anthropic is now worth roughly $74,2 billion on paper, which clearly reflects the meteoric rise in the valuation of the company. Founded in 2021, Anthropic witnessed its valuation climb from $61.5 billion last year to $183 billion and then $380 billion earlier this year. Most recently the company achieved the valuation of $965 billion surpassing rival OpenAI as the world’s most valuable AI startup. Amazon’s holdings in Anthropic include $42.2 billion in convertible notes and $32 billion in nonvoting preferred stock, which together account for the $74.2 billion figure disclosed in the filing.
Gains flowing into Amazon’s earnings
