Amazon said it will invest $5B in Anthropic today and up to an additional $20B in the future tied to certain commercial milestones. This is in addition to the $8B Amazon previously invested in Anthropic.
Claim 55% Off TipRanks
New trading tool for AMZN bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- AI Daily: NSA still using Anthropic’s Mythos Preview model
- Walmart Stock (WMT) Rises as it Seeks to Neutralize Amazon’s Key Logistics Advantage
- Amazon Accused of Pressuring Brands to Raise Prices in Price-Fixing Lawsuit
- Amazon (AMZN) and Alphabet (GOOGL): Why This Top Analyst Is Raising Price Targets on These Two Tech Giants
- Hikaru Proves Smart Score Worth as Portfolio Outguns Markets