#aws

OpenAI has been on a dealmaking spree of late, announcing roughly $1.4 trillion worth of buildout agreements with companies including Nvidia, Broadcom, Oracle and Google — prompting skeptics to warn of an AI bubble and question whether the country has the power and resources needed to turn the ambitious promises into reality.

A $9.5B return on an $8B investment in less than a year. Not bad! How does "main street" get in on investments like that?!

The company reported a $9.5 billion pre-tax gain from its investment in the AI startup Anthropic, which was included in Amazon’s non-operating income for the quarter...

To put the $9.5 billion paper gain in perspective, the Amazon Web Services cloud business — historically Amazon’s primary profit engine — generated $11.4 billion in quarterly operating profits...

Amazon has invested and committed a total of $8 billion in Anthropic, initially structured as convertible notes.

Love this. Like a well-defined retro process for events from tech to all parts of the business.