Amazon books $53.4 billion in other income as Anthropic stake swells

The mark follows Anthropic's $65 billion round at a $965 billion valuation and a commitment to spend more than $100 billion with AWS.

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Primary source: Business Insider

Why it matters

Amazon stands to earn from Anthropic through both private-market appreciation and AWS spending, tying its investment returns to a customer committed to spend more than $100 billion on its cloud.

Amazon books $53.4 billion in other income as Anthropic stake swells — The mark follows Anthropic's $65 billion round at a $965 billion valuation and a commitment to spend more than $100 billion with AWS.

Amazon reported $53.4 billion in non-operating pre-tax other income for the second quarter, primarily from its investment in Anthropic, according to Business Insider's report on the July 30th results. The figure gives Amazon a paper windfall several times larger than the $13 billion it has invested in the AI lab so far.…

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