Key Points
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Amazon and Alphabet offer indirect exposure to Anthropic, a firm anticipated to go public soon at a valuation potentially nearing $1 trillion.
Amazon is Anthropic’s largest corporate backer, having committed approximately $33 billion, with plans to invest tens of billions more, which gives it a stake valued over $100 billion. Additionally, Anthropic has agreed to spend more than $100 billion on Amazon Web Services and Amazon’s Trainium chips.
Alphabet, holding about 14% of Anthropic, has its stake valued around $135 billion, with Anthropic committing to spend about $200 billion on Google Cloud over five years. Both companies provide investors with exposure to Anthropic while maintaining strong, cash-generating core businesses.
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