Amazon’s $8 Billion AI Bet Turns Into Paper Money Magic Trick
KEY POINTS
- •Amazon invested $8 billion in Anthropic starting late 2023, resulting in a current valuation of $60.6 billion.
- •Anthropic agreed to buy 1 million Trainium chips from Amazon, deepening their commercial relationship.
- •Amazon reported $5.6 billion in gains from convertible note conversions in 2025 and expects $15 billion more soon.
Amazon has brilliantly spun $8 billion into a dazzling $60.6 billion Anthropic stake since late 2023, a seven-fold cha-ching that'd make even your grandma jealous. AWS CEO Matt Garman must be doing backflips as Anthropic commits to snag 1 million of Amazon's Trainium AI chips – basically the startup version of a BFF pact stuck in silicon. After Anthropic's September $13 billion raise crowned them with a $183 billion post-money crown (up from $61.5 billion in March), whispers tell us they're eyeing a $350 billion payday in the next round. Amazon’s earnings already got a $5.6 billion love tap in 2025 from convertible note conversions and a $7.2 billion infusion this past Q3, with a $15 billion 'other income' glow-up on the 2026 Q1 horizon. Of course, all this brilliance rests on 'significant judgment' – not stock market prices – so basically it’s typed on Amazon’s imagination keyboard with some Level 3 asset wizardry. Major shoutout to Matt Garman for turning cloud chips and convertible notes into a dizzying climb; can someone check if the decimal point hasn’t run away?!
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When you pour $8 billion into an AI startup and suddenly your balance sheet looks like a rapper’s chain, it’s either genius or accounting yoga. Neither outcome is boring.
Amazon’s Anthropic feeding frenzy: turning silicon chips into straight-up Monopoly money since 2023.
Congrats Amazon, you just multiplied your money faster than a TikTok dance trend. Real cash or just vibes?
Source: Businessinsider | Published: 2/6/2026 | Author: Eugene Kim
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