Amazon to invest an additional $5 billion in Anthropic

Amazon.com Inc. is investing an additional $5 billion in Anthropic PBC, and may inject $20 billion more over time, a deal that deepens the companies' ties in an increasingly competitive artificial intelligence industry.

Anthropic, which makes the Claude chatbot and coding tool, plans to spend more than $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 more than 3% on the news in after-hours trading.