Amazon to invest an additional US$5 billion in Anthropic

This photograph shows a smartphone displaying the logo of the US artificial intelligence safety and research company Anthropic, in Mulhouse on April 21, 2026. Photo by SEBASTIEN BOZON / AFP via Getty ImagesArticle contentAmazon.com Inc. is investing an additional US$5 billion in Anthropic PBC and may inject US$20 billion more over time, a deal that strengthens ties in in an increasingly competitive artificial intelligence race.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe deal was struck at a valuation of US$350 billion, not including the new funding, Anthropic said. That signals Amazon negotiated more preferable terms than other investors recently. Anthropic clinched a US$30 billion funding round in February that valued the San Francisco-based startup at US$380 billion, and has since drawn investor offers at a valuation of over US$800 billion.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentArticle contentAnthropic, which makes the Claude chatbot and coding tool, plans to spend more than US$100 billion over the next 10 years on Amazon’s cloud technologies and chips, the companies said in a statement on Monday. Amazon shares gained about three per cent on the news in extended trading.Article contentPosthasteBreaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentAmazon was already one of Anthropic’s biggest backers, with prior investments totaling US$8 billion. For Amazon, the partnership has given its cloud business a leading AI model and a major customer for its home-built Trainium line of chips. Anthropic, meanwhile, has had access to Amazon’s massive roster of corporate clients. More than 100,000 customers run Claude models on Amazon Web Services, the companies said.Article contentAnthropic, founded in 2021 by several former employees of OpenAI, is widely expected to conduct an initial public offering as soon as this year. The AI company has been racing to persuade more businesses to pay for its software to help offset the immense cost of developing the technology.Article contentThe agreement is the latest sign of Anthropic’s hunger for the immense processing power necessary to build new versions of Claude. Like OpenAI, Anthropic has inked a series of deals to secure the necessary chips and rented computing power. Anthropic last week said it would enlist Broadcom Inc. to supply chips based on Google’s tensor processing units, a rival to Amazon’s Trainium line. The collaboration among the three companies will let Anthropic access about 3.5 gigawatts’ worth of computing power. Anthropic in October confirmed it would grab as many as 1 million of the specialized AI chips from the Alphabet Inc. unit, a tie-up worth tens of billions of dollars.Article contentArticle contentIn Monday’s announcement, Amazon said it would provide Anthropic with chips — both for general computing and AI accelerators — to reach about 5 gigawatts of power.Article contentRead More Anthropic chief Dario Amodei: 'I don't want AI turned on our own people' Global financial watchdog to share insights on Anthropic's Mythos, says Tiff Macklem Article contentThough Anthropic has been on a winning streak this year with popular products including its Claude Code AI tool, it’s also locked in a dispute with the US government over AI safeguards — a fight that has led to legal action from Anthropic and that the company has said threatens its business.Article contentAmazon said it remains a minority investor, and is not represented on Anthropic’s board or trust. The size of the future investments are tied to “certain commercial milestones,” Amazon said.Article contentWith assistance from Vlad SavovArticle contentBloomberg.com Article contentTrending Toronto's condo market 'hits bottom' with some developers looking at selling units below the cost to build Real Estate From where the deals are to where prices dropped most, 5 key things to know about the spring real estate market Real Estate Posthaste: Canada's home prices have now been falling for four years — and haven't hit bottom yet News Don't expect Carney's looming spring budget update to reflect the financial pain Canadians are feeling Personal Finance The Great Correction: Not even Wayne Gretzky's hometown could escape the crash of the 'exurbs' Real Estate Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Toronto's condo market 'hits bottom' with some developers looking at selling units below the cost to build Real Estate From where the deals are to where prices dropped most, 5 key things to know about the spring real estate market Real Estate Posthaste: Canada's home prices have now been falling for four years — and haven't hit bottom yet News Don't expect Carney's looming spring budget update to reflect the financial pain Canadians are feeling Personal Finance The Great Correction: Not even Wayne Gretzky's hometown could escape the crash of the 'exurbs' Real Estate