Report: Amazon weighing new multibillion-dollar investment in Anthropic – News

Amazon.com Inc. executives have reportedly held discussions about making a new investment in Anthropic PBC.

The Financial Times on Wednesday cited sources as saying that the funding round could be worth billions of dollars. Amazon has already invested about $13.8 billion in Anthropic, mainly in the form of convertible notes. A convertible note is a loan that the lender can optionally turn into shares.

Rumors of an Amazon investment in Anthropic also emerged before the companies announced a $4 billion funding round last November. At the time, they stated that Anthropic would help Amazon Web Services Inc. with its AI chip development efforts. AWS also collaborates with the OpenAI rival on go-to-market initiatives.

According to the Financial Times, Anthropic has capped Amazon’s stake to keep it under 33%. Similar investment terms reportedly apply to AWS rival Google LLC. The latter company has invested more than $3 billion in Anthropic over several funding rounds.

The OpenAI rival uses infrastructure from both AWS and Google Cloud to power its artificial intelligence projects. Anthropic’s most capable AI model, Claude 4 Opus, debuted in May. It’s a so-called hybrid reasoning model that can either answer prompts instantly or invest additional time in generating a more detailed response.

At the time of its release, Claude 4 Opus set new records across several AI coding benchmarks. The model also outperforms its predecessors in other areas. According to Anthropic, Claude 4 Opus is particularly adapt at tasks that require retaining information for an extended period of time.

The company provides its AI models through a chatbot that is also called Claude and an application programming interface. According to the Financial Times, those offerings have an annualized revenue run rate of more than $4 billion. That’s up from $3 billion in May.

To address the growing infrastructure requirements of its models, Anthropic has partnered with AWS on an initiative called Project Rainier. It centers on a sprawling data center campus that the cloud provider is currently building in New Carlisle, Indiana.

AWS originally planned to build 16 cloud facilities on the site at a cost of about $11 billion. The plan has since expanded in scope to encompass 30 data centers. The campus is expected to draw 2.2 gigawatts of power, nearly double the amount allocated to OpenAI’s first Stargate data center.

The cloud giant plans to equip its Indiana campus with tens of thousands of its Amazon EC2 UltraServers. Each system includes four servers, which in turn contain 16 AWS Trainium2 chips apiece. The Trainium2 is a custom AI accelerator that offers double the performance and power-efficiency of its predecessor.

Anthropic is not the only LLM developer that could reportedly raise a multibillion-dollar funding round. On Tuesday, Bloomberg reported that Mistral AI is in talks with MGX on a $1 billion equity financing round. And in April, Bloomberg reported that xAI Holdings Corp. is seeking a $20 billion investment at a $120 billion valuation.

Image: Anthropic