Amazon was an early investor in Anthropic, the company behind Claude, and put $13 billion in with the option to invest $20 billion more. That $13 billion stake is now worth much more, given that Anthropic is considering going public at a valuation of around $1 trillion.

The AI race has been about who has the best model. That is changing, and Amazon is well placed to benefit.

The AI IPO wave of 2026 continues to produce outsized winners among the corporations that backed it, instead of just those going public. SpaceX’s record-breaking debut earlier this year provided a windfall for its backers.

The tensions are high between Amazon and Anthropic, and they don’t appear to be easing any time soon. According to a new report from The Information, a contract between the companies that was renegotiated earlier this year will require Amazon to pay Anthropic based on token usage,

OpenAI signed Nvidia's open weights letter, which doubled signers overnight. Amazon and Anthropic stayed out. 5 actions leaders should take today and why it matters.

Amazon reported net sales of $200.6 billion and a profit of $62.6 billion, or $5.75 per share, compared to $1.82 per share and net sales of $196.43 billion expected by Wall Street. The tech giant raised its 2026 spending forecast from $200 billion to $220 billion due to higher memory costs,

Amazon shares surged in after-hours trading Thursday after the tech giant posted its first $200 billion quarter and beat Wall Street expectations with its financial results. Growth in advertising and AWS keyed the performance,