Amazon To Invest Up To $25 Billion In Anthropic. Why The Stock Is Rising.

Amazon.com (AMZN) announced late Monday that it would invest up to $25 billion in artificial intelligence startup Anthropic, which in turn will spend more than $100 billion on the tech giant's services and products over 10 years. In after-hours action, Amazon stock rose modestly, along with custom AI chip partner Marvell Technology (MRVL). Amazon will invest $5 billion in Anthropic...