Alphabet, Amazon rise as Anthropic targets $1 trillion IPO value
AMZN•Alphabet shares rose 0.7% and Amazon shares gained 1.8% as Anthropic targets a $1 trillion valuation in its upcoming IPO. Amazon has invested at least $13 billion in Anthropic and agreed to invest up to another $20 billion; Google has committed up to $40 billion.
1. Anthropic investment
Alphabet and Amazon shares advanced as Anthropic targeted a $1 trillion valuation in its upcoming IPO. Amazon has invested at least $13 billion in Anthropic and agreed in April to invest up to an additional $20 billion, while Google has committed up to $40 billion. The investments are part of cloud partnerships with Anthropic.
