Amazon is investing an additional $5 billion into the artificial intelligence startup Anthropic. This capital builds upon a previous $4 billion investment from 2023. The move bolsters Amazon's position against rivals in the competitive AI landscape.
Anthropic committed to using Amazon Web Services (AWS) for its primary cloud computing needs. The startup will spend over $100 billion on the platform. This spending commitment spans the next 10 years. The arrangement secures a major long-term client for Amazon’s most profitable division.
Amazon shares climbed 2.8% in pre-market trading following the announcement.