Anthropic’s $2.66B AWS Spend Fuels $16.8B Income Loop; Amazon Debuts Supply Chain Services
AMZN•Amazon’s AWS may have inflated revenues as Anthropic spent $2.66B on AWS, contributing $16.8B to Amazon’s $30.3B net income via a funding loop. Separately, Amazon launched Supply Chain Services on May 4, opening its warehouses and delivery network to clients including P&G and 3M to boost logistics revenue.
1. AWS Cloud Loop Raises Revenue Concerns
Filings show Anthropic billed $2.66 billion in AWS credits over nine months, then consumed those same credits for model training. This round-trip mechanism added roughly $16.8 billion to Amazon’s net income, casting doubt on the sustainability and quality of reported cloud growth.
2. Amazon Launches Supply Chain Services for Third-Party Clients
On May 4, Amazon opened its warehouses, trucks and delivery network to outside brands through Amazon Supply Chain Services. Early customers such as Procter & Gamble and 3M gain access to Amazon’s logistics infrastructure, creating a new revenue stream beyond traditional e-commerce sales.
