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Anthropic takes $5B from Amazon and pledges $100B in cloud spending in return

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Anthropic announced on Monday that Amazon has agreed to invest a fresh $5 billion, bringing Amazon’s total investment in the company to $13 billion.

Key facts

Summary

The deal echoes an agreement Amazon struck with OpenAI two months ago, when it joined a $110 billion funding round — contributing $50 billion — that valued the ChatGPT maker at a $730 billion pre-money valuation. At the heart of this deal is Amazon’s custom chips: Graviton (a low-power CPU) and Trainium (an Nvidia competitor and AI accelerator chip). They'll see if this news is a teaser to Anthropic announcing a new funding round.

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