Amazon’s Anthropic investment boosts its quarterly profits by $9.5B – GeekWire
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.