Amazon Lands $100B Anthropic AWS Deal and Commits $25B More

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AWS landed a $100B ten-year commitment from Anthropic for up to 5GW of compute capacity and will invest an additional $25B, reinforcing demand for Trainium chips. The scale of these deals could drive 2026 capital expenditures toward $200B and intensify scrutiny on AWS profitability margins.

1. Anthropic AI Infrastructure Deal

Amazon Web Services secured a decade-long agreement with Anthropic committing over $100 billion for AI infrastructure, including plans to utilize up to 5 GW of compute capacity powered by in-house Trainium processors and millions of Graviton cores.

2. Additional Investment

Amazon will invest an extra $25 billion into Anthropic, adding to its existing $8 billion stake, reinforcing its strategic partnership and signaling confidence in its custom silicon strategy.

3. Capex and Profitability Outlook

Combined AI commitments from Anthropic and OpenAI could consume a significant portion of the projected 15 GW of data center build-out through 2027, pushing Amazon's 2026 capital expenditure outlook toward $200 billion and intensifying questions over long-term margin impact.

Sources

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