Amazon Adds $5B in Anthropic

Amazon is deepening its bet on Anthropic, committing another $5 billion to the AI startup in a deal that tightens their business ties across cloud computing and chips. The new investment, announced Monday, is part of a broader deal that could bring Amazon's total outlay to as much as $25 billion if certain performance goals are met, the Wall Street Journal reports. In return, Anthropic has agreed to buy more than $100 billion in cloud services from Amazon Web Services over time and will use 5 gigawatts of Amazon's AI chip capacity, including its Trainium hardware.