Amazon Poised to Win Big in Anthropic IPO

When Anthropic goes public, Amazon stands to be the single largest financial beneficiary. Amazon holds $6.2 billion in convertible notes that its own filings valued at $97.9 billion as of June 30, plus $10 billion in nonvoting preferred stock, bringing its total investment to roughly $18 billion. No VC firm owns even 5% of Anthropic due to its near-$1 trillion valuation. Google, which holds an estimated 5.6% stake, also invested $10 billion in April. Beyond equity gains, Anthropic has committed at least $110 billion to AWS and $114 billion to Google Cloud over the coming years.