Amazon could give investors indirect Anthropic exposure before a possible IPO, having invested $13 billion in the startup and committed up to $20 billion more. The Wall Street Journal says some advisers suggested waiting until November so Anthropic could present Q3 financials.
Anthropic has committed to spend up to $100 billion over 10 years on Amazon Web Services technology to train and run its Claude model. Amazon could benefit if Anthropic succeeds, while AWS can still generate revenue hosting other companies’ AI models if they become more dominant.
Depending on demand, direct IPO buyers may struggle to get full orders at desired prices; the article warns volatility is also possible if Anthropic’s debut resembles SpaceX’s. It cites concerns about Anthropic’s profitability, competition and the costs of developing, training and controlling advanced models. Amazon, valued at $2.7 trillion at publication, may have less stock-price upside than Anthropic, which the article says was valued at $965 billion in May.
