"The cloud giant disclosed on Friday that it holds $45.8 billion of convertible notes and $14.8 billion of nonvoting preferred stock in the AI startup. Taken together, the figures show that Amazon's Anthropic stake is now worth $60.6 billion. Amazon has invested $8 billion in Anthropic since late 2023, indicating a seven-fold increase in value. If borne out, that would rank among the most lucrative strategic technology investments the company has ever disclosed."
"The two companies have a deep commercial tie-up. Anthropic has committed to buy 1 million of Amazon's Trainium chips, binding one of the leading AI labs closely to Amazon Web Services. The convertible notes held by Amazon convert to preferred stock as Anthropic raises additional capital. So every time the startup closes a round, Amazon gets valuable new stock in one of the hottest AI companies on the planet."
Amazon holds $45.8 billion of convertible notes and $14.8 billion of nonvoting preferred stock in Anthropic, valuing the stake at $60.6 billion. The company has invested $8 billion since late 2023, implying a seven-fold increase in value. Anthropic committed to buy 1 million Trainium chips from Amazon Web Services, creating a strong commercial tie-up. Amazon's convertible notes convert to preferred stock as Anthropic raises capital, increasing Amazon's equity with each funding round. Conversions in 2025 generated about $5.6 billion in recognized gains, and Amazon booked a $7.2 billion upward adjustment to other income in Q3.
Read at Business Insider
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