News & Updates
The latest news and updates from companies in the WLTH portfolio.
Perplexity's revenue tripled to $750 million ahead of Nvidia's $30 billion talks
The deal would add Perplexity to Nvidia's investments in its own customers. Nvidia has started discussions to invest in Perplexity's next funding round at a valuation of over $30 billion, according to a report from The Information. The deal would boost the valuation of the AI search startup by more than 50% in a year. It would also provide another Nvidia-backed customer with fresh capital. The talks surfaced on Sunday, sourced to people familiar with the discussions. Perplexity revenue triples while its valuation climbs past $30B The proposed round would value Perplexity at more than $30 billion, up from its $20 billion valuation last September. That is an increase of more than 50% in about a year. Nvidia is pondering whether to join. Both Nvidia and Perplexity declined to comment or did not respond to requests for comment. Perplexity's investors include Amazon founder Jeff Bezos and Japan's SoftBank Group. The company's annualized revenue has grown to over $750 million from less than $250 million at the beginning of the year, tripling in about eight months. Perplexity Computer sells to professionals to automate tasks on their machines. The growing demand for AI search and autonomous agents is feeding investors' appetite. Perplexity is aiming to go public in 2028, a timeline CEO Aravind Srinivas detailed in a June interview. The company would move ahead regardless of how the market treats the planned listings of OpenAI and Anthropic, he said. Regulators flag Nvidia's habit of funding its own customers Nvidia has invested in companies that are also its customers or suppliers. The list includes cloud providers CoreWeave and Nebius and AI data firm Mercor, which is reported to be in talks with Nvidia at a valuation of $20 billion. Critics call the arrangement circular financing. The supplier funds the buyer, the buyer spends that money again on the supplier's products, and demand can look stronger than it is. In its 2026 Annual Report, the Bank for International Settlements (BIS) listed circular financing as one of the three greatest risks to global financial stability. As Cryptopolitan has reported, the Bank of England (BOE) has warned that the speed of AI investment is unprecedented in history. Chips are "productive, they're long-lived, they're fungible, they're flexible," CEO Jensen Huang said of the financing program. The company guarantees up to 25% of its chips' residual value if resale falls short at the end of a Earlier this year, Perplexity agreed to run workloads on Microsoft's Azure for $750 million. The company inked that deal while fighting Amazon in court over shopping features in its AI tools, Cryptopolitan earlier reported. Amazon Web Services would continue to be the company's preferred cloud provider, a Perplexity spokesperson said at the time. Nvidia shares fell 2.16% to $210.09 in Monday afternoon trading, down from Friday's $214.72 close.
Anthropic Is Worth Much Less Than SpaceX
Anthropic is a pure play in what appears to be the faltering AI space. At least SpaceX (NASDAQ: SPCX | SPCX Price Prediction) has a rocket and an internet division. Recently, it became clear that at least some large corporations are willing to take slightly less AI firepower than Anthropic offers. And, by the way, Anthropic has tens of millions of dollars of obligations for data centers and Nvidia's (NASDAQ: NVDA) chips. (For some reason, Nvidia always seems to come out on top in all of these transactions.) A large group of investors believes an Anthropic IPO will top the record set by SpaceX. The main reasons are revenue and the fact that AI may be the most important invention in human history. Anthropic is outpacing its rivals' revenue run rates, which is one reason it is such a hot investment. The estimated run rate for this year is $65 billion; OpenAI's is as low as $40 billion based on the same calculation. The primary reason is corporate and institutional adoption. Anthropic's Claude has become the industry leader. Investors don't want to see individuals running Claude on their laptops. They want to see its AI functions at the world's largest companies because that is where the real money is. But the FT recently ran a headline that read, "Anthropic's best AI model struggles to attract users as cheaper tools thrive." This happens at the same time inexpensive Chinese models are rushing into the market. No one could have anticipated this Chinese surge even a year ago. Only days ago, newspapers reported that Anthropic has also largely dodged the concern that AI is just too expensive, even for large companies. However, some others have said the investment has not yielded a strong ROI and have cut back spending, at least temporarily. For "temporarily" to go away, AI ROI has to improve significantly. The SpaceX IPO gave the company a valuation of $1.77 trillion on the first trading day, and it raised $86 billion. That money is disappearing quickly and has gone to the SpaceX xAI division. So why the enthusiasm for Anthropic compared to SpaceX? SpaceX has the rocket business cornered. Its Starlink should become the de facto internet access for most of the world. However, its AI business is not attractive, even a little. Even with capex of $18.4 billion in the most recent quarter, it is not enough. Elon Musk, SpaceX CEO, said the capex sum must be much, much bigger. He needs more and more AI data center capacity. However, his models benchmark much behind those from Anthropic, OpenAI, and Google, at least. And then,, again, there are the Chinese. But if you look at the bets an investor takes, a shareholder in SpaceX is betting on three divisions. An investor in Anthropic is only looking at one. Anthropic is an AI pure play, the sector's consensus leader. SpaceX was a rocket and internet business with an AI business bolted on. That means that the IPO value of SpaceX won't be topped by Anthropic. Contact [email protected] for any questions or corrections.
EntropyIO relaunches Anthropic pre-IPO markets on Hyperliquid platform
EntropyIO has launched new perpetual markets for Anthropic's pre-IPO equity and SNDK on Hyperliquid, utilizing real-time data from RedStone. This development reinvigorates activity around Anthropic's valuation after a previous market closure earlier this year. The move marks a significant step for EntropyIO as it aims to capture interest in the burgeoning AI sector, with Anthropic being a notable entity in the field. The relisting on Hyperliquid's HIP-3 framework allows participants to engage with synthetic derivatives of Anthropic's pre-IPO equity, maintaining a focus on valuation rather than direct equity ownership. Key Takeaways * EntropyIO's launch of new perpetual markets appears to enhance interest in Anthropic's pre-IPO valuations. * Market pricing suggests potential increased exchange activity, reflecting interest in Anthropic's significant AI endeavors. * The relisting on Hyperliquid could indicate a renewed focus on Anthropic's growth potential leading up to its anticipated IPO. What to Watch Observers should monitor Anthropic's upcoming financial disclosures and any IPO-related announcements, as these could significantly impact market sentiment. Developments in the AI sector and broader tech market conditions may also influence participant behavior. Key indicators to watch include any updates from Anthropic's leadership or changes in secondary market valuations that could affect the perceived attractiveness of the pre-IPO equity. Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Zoom's hidden Anthropic stake could overshadow Q2 earnings streak
A roughly $97 million bet on Anthropic may now be worth billions, and analysts say it's the most interesting thing about Zoom right now Zoom Communications has beaten Wall Street's revenue estimates for 15 straight quarters. Ahead of Zoom's fiscal Q2 2027 earnings on August 25, 2026, the real conversation among analysts isn't about video call growth or enterprise seat expansion. It's about the company's equity position in Anthropic, the AI lab behind Claude, which has ballooned in value to a degree that makes the core business look like a rounding error. The math behind the 'hidden gem' Zoom first invested approximately $51 million in Anthropic through its venture arm back in May 2023. It later added another $46 million, bringing total capital deployed to roughly $97 million. As of April 30, 2026, that combined stake was valued at $1.27 billion on Zoom's books. Anthropic's post-money valuation hit approximately $380 billion in February 2026. By May 2026, that number had reportedly surpassed $900 billion. Bank of America estimates Zoom holds roughly a 0.311% ownership stake, which at recent Anthropic valuations would put the position's worth at approximately $3 billion. Analysts at Baird, Wedbush, and BofA have all used the phrase "hidden gem" to describe it. Some projections range from $2 billion to $4 billion or more, depending on how much dilution Zoom has absorbed through subsequent funding rounds. Why it doesn't show up where you'd expect The Anthropic position sits on the balance sheet at cost-adjusted value rather than fair market value. If Anthropic goes public, or if there's a secondary sale or acquisition that triggers a revaluation, the gains could materialize on Zoom's financials in a single quarter. A $3 billion unrealized gain on a company with a market cap hovering around the low-to-mid $20 billion range represents a meaningful percentage of the entire enterprise. BofA has reinstated a Buy rating on Zoom with a $130 price target, implying roughly 24% upside from recent trading levels. The Anthropic stake is a central pillar of that thesis. The actual business still works The consensus revenue estimate for the upcoming quarter sits at around $1.27 billion, and the company has a 15-quarter streak of beating those estimates. Zoom has also integrated Anthropic's Claude models into its Contact Center solutions, which was the strategic logic behind the original investment: product differentiation alongside financial upside. What to watch on August 25 Investors will be parsing the earnings call for any updated commentary on the Anthropic valuation, whether management addresses potential liquidity events, and any changes to the carrying value on the balance sheet. If Anthropic's valuation trajectory continues, the stake alone could represent 10% to 15% or more of Zoom's total market capitalization, depending on dilution. Anthropic has not announced IPO plans, and the AI company's fundraising pace suggests it is comfortable staying private for now.
Anthropic Tests Recruits On Safety Vs Equity As $2T Odds Rise
Anthropic Asks Recruits How They'd Feel if Its Stock Hit Zero. Traders See 68% Chance of $2 Trillion This Year Anthropic reportedly screens job candidates with a culture interview testing whether they would put the company's mission ahead of their future wealth. One applicant was asked how they would feel if a safety decision sent Anthropic's stock to zero. Polymarket traders see a radically different future for the Claude maker, giving Anthropic a 68% chance of reaching a $2 trillion valuation by year-end and a 47% chance of hitting $2.5 trillion. Would You Sacrifice Your Anthropic Fortune? Axios reported that every Anthropic job candidate undergoes a culture interview conducted by an employee nominated for the role. The questions are suggested rather than fully scripted, according to a former employee familiar with the process. Axios cited a Blind post from a candidate who said they would not be happy if the stock went to zero, arguing that Anthropic should pursue its mission while building a sustainable business. The candidate said the interviewer "didn't seem to like that answer." Trending Get a 1% Match on Your First Deposit of $1,000+ The concern appears to come from the top. CEO Dario Amodei has himself questioned whether newer employees are joining for the right reasons, a source told Axios. Employees Are Betting on the Upside Anthropic employees have already had an opportunity to exchange their future upside for cash. Investors reportedly lined up roughly $6 billion for a tender offer priced at a $350 billion valuation, but current and former employees declined to sell enough shares to meet that demand. The value of that decision has risen sharply on paper. Anthropic's May funding round valued the company at $965 billion, while its Nasdaq Private Market mark has since reached about $1.22 trillion. Its annualized revenue run rate surged from $9 billion at the end of 2025 to more than $65 billion by July. Amodei reportedly owns about 2% of Anthropic, a stake that would be worth roughly $40 billion at a $2 trillion valuation, although he has pledged to donate 80% of his wealth. Anthropic Has Already Faced the Choice Anthropic lost a Pentagon contract worth up to $200 million after rejecting Claude's use for mass domestic surveillance or fully autonomous weapons. The resulting supply-chain designation threatened hundreds of millions or potentially billions more in 2026 revenue, the company told a court. In February, however, Anthropic revised its safety policy and removed a pledge to pause scaling or delay deployment if its safeguards failed to keep pace with model capabilities. The company said pausing alone could make the world less safe if less cautious rivals continued developing more powerful systems. Together, the two episodes show how Anthropic handles the trade-off in practice: it has sacrificed revenue over specific uses of Claude, but will not necessarily slow development while its rivals continue. Image: Shutterstock Markets Dan Ives Says Nvidia's 15% AI Server Price Hike Is Bullish for Tech. Could Micron Be the Real Winner? Prices for Nvidia-powered AI servers are rising more than 15% as memory costs surge. Dan Ives says the move is bullish, but Micron could benefit most. 3 min read Read this article Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
AI infrastructure stocks surge, boosting Anthropic valuation outlook
AI infrastructure stocks, notably CoreWeave and Super Micro Computer, have experienced a surge in value, according to Yahoo Finance. The rise is attributed to increased investor confidence in the AI sector, which has been gaining momentum due to advancements and heightened interest in artificial intelligence applications. This development is seen as a potential indicator of broader market expectations for the sector's growth and could influence valuations of other companies involved in AI, such as Anthropic. The market for Anthropic's valuation by December 31 is experiencing significant activity, with current pricing suggesting a high likelihood of reaching substantial valuation targets. This is reflected in the 68% YES pricing for Anthropic hitting a $2.0 trillion valuation by the end of the year and 81% YES for reaching $1.75 trillion. The recent uptick in AI infrastructure stocks appears to support market confidence in Anthropic's prospects. Market participants appear to interpret the surge in CoreWeave and Super Micro Computer as a broader indication of health in the AI sector, potentially boosting Anthropic's valuation outlook. The current market pricing reflects a strong expectation that Anthropic could meet or exceed high valuation targets by the end of the year, consistent with the positive momentum observed in AI infrastructure stocks. Key Takeaways * Market activity suggests increased investor confidence in the AI sector, as indicated by the surge in CoreWeave and Super Micro Computer stocks. * Current pricing for Anthropic's valuation indicates a strong expectation of meeting substantial valuation targets by December 31. * The developments in AI infrastructure stocks are seen as supportive of positive valuation scenarios for Anthropic. What to Watch Watch for any announcements from Anthropic regarding funding rounds, strategic partnerships, or product advancements, as these could influence market perceptions and pricing. Changes in investment levels from key partners such as Amazon and Google could also impact market expectations. Additionally, any shifts in the broader AI market sentiment, as reflected in infrastructure stocks, could affect Anthropic's valuation prospects. Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Zoom Q2 Earnings Preview: Why Its Hidden Anthropic Stake Could Outshine A 15-Quarter Revenue Streak
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Zoom Communications (NASDAQ:ZM) looks to continue a long streak of beating analyst estimates for revenue when the company reports second-quarter financial results Tuesday after market close. Here are the earnings estimates, what analysts are saying ahead of the report and the key items to watch. Zoom Q2 Earnings Estimates Analysts expect Zoom to report second-quarter revenue of $1.27 billion, up from $1.22 billion in last year's second quarter, according to data from Benzinga Pro. The company has beaten analyst estimates for revenue in 15 straight quarters. Analysts expect Zoom to report second-quarter earnings per share of $1.48, down from $1.53 in last year's second quarter. The company has beaten analyst estimates for earnings per share in nine of the last 10 quarters overall. Read Also:Anthropic Wants Investors to Buy Into a $2 Trillion Dream -- But a Wall Street Veteran Says SpaceX's IPO Offers a Warning for AI Investors Zoom Analyst Ratings BTIG analyst Allan Verkhovski expects Zoom to show strong fundamentals and acceleration in the Enterprise segment when the company reports second quarter financial results. The analyst maintained a Buy rating with a price target of $125 ahead of the report. "ZM shares are now up 29% YTD, which we believe has been driven by top-line acceleration, relatively low AI disruption risk, and the growing value of its stake in Anthropic (private)," Verkhovski said. The analyst also said Zoom could highlight the financial impact of its acquisition of Common Room, an AI intelligence platform. "Overall, we anticipate another strong quarter, and we continue to view ZM as an attractive stock to own, especially through Anthropic's IPO process." Here are other analyst ratings on Zoom stock and their price targets: * Cantor Fitzgerald: Maintained Neutral rating, with price target of $104 * Rosenblatt: Maintained Buy rating, with price target of $130 * UBS: Maintained Neutral rating, raised price target from $105 to $115 Key Items to Watch Zoom's consistent analyst beats and enterprise growth could be key items to watch Tuesday. The biggest catalyst for Zoom stock is likely the quiet one and the one management won't cover a ton. Zoom invested $51 million in Anthropic back in 2023 and maintains a stake in the AI company today. Anthropic remains one of the hottest investment stories around amid IPO speculation and a potential $2 trillion valuation. Benzinga previously highlighted Zoom as a backdoor play for Anthropic. When Anthropic reached a $900 billion valuation in May, analysts estimated Zoom's position was worth between $4.11 billion and $11.31 billion (Wedbush) or $5.14 billion to $10.28 billion (Baird).
Anthropic Expects Its IPO to Match or Beat SpaceX's $86 Billion Record - Memeburn
Users on X are questioning whether the product justifies the valuation, citing rate limits, invisible watermarks and pricing Anthropic is preparing what could become the largest initial public offering in history. The Claude developer expects its upcoming IPO to match or exceed the $86.2 billion that SpaceX raised when it went public in June, Bloomberg reported on August 20, citing people familiar with the matter. The company could file its IPO paperwork publicly as soon as the end of this month. If it clears that mark, 2026 would set the record for total US IPO volume, with companies that debuted on public markets already bringing in $160.6 billion as of August 19. But the mega-listing arrives alongside a quieter, more telling shift. Anthropic is also walking back a controversial data retention policy that had alarmed enterprise customers for months. And on social media, users are asking a blunter question: does the product actually justify a valuation this large? The Numbers Behind the Record Attempt Morgan Stanley, Goldman Sachs and JPMorgan Chase are managing Anthropic's offering, the same banks that ran SpaceX's blockbuster listing earlier this year. SpaceX initially targeted $75 billion but ultimately raised $86.2 billion once its overallotment option was exercised. Anthropic's financial trajectory is the core of the pitch. Its annualized revenue run rate hit $65 billion by late July, up from $9 billion at the end of 2025. That is more than a sevenfold increase in roughly seven months. Preliminary second-quarter revenue exceeded $11.5 billion, and investors told the Financial Times they expect annualized revenue to land between $100 billion and $120 billion by year-end. The company also reported its first positive adjusted operating income during Q2. Chief Financial Officer Krishna Rao has led recent investor briefings but has declined to discuss specific valuation targets, according to Bloomberg's sources. None of this came cheap. Anthropic posted a net loss of nearly $42 billion in 2025, driven by enormous compute costs. It has committed $50 billion to AI infrastructure across data centres in Texas and New York. CEO Dario Amodei has publicly acknowledged the stakes, warning that even a one-year miss on growth could threaten the company's survival. Some backers have floated a potential $2 trillion listing valuation by October, which would dwarf SpaceX's $1.77 trillion debut. But the IPO raise itself the amount of capital Anthropic actually collects from selling shares is the more immediate benchmark. Getting past $86.2 billion would give Anthropic the outright record. Anthropic Reverses Course on Data Retention The IPO news broke alongside a separate Bloomberg report: Anthropic plans to let enterprise customers store data on their own cloud infrastructure rather than Anthropic's servers. The shift matters because of what came before it. When Anthropic launched Claude Fable 5 in June, it introduced a mandatory 30-day data retention policy for its most powerful models. Every prompt, every output, stored for a month with no opt-out. The policy was designed to help the company detect misuse and monitor for cybersecurity threats, but enterprise customers pushed back hard. Microsoft reportedly restricted employee use of Anthropic's latest models while reviewing the policy. Salesforce and more than 100 other customers spent months working with Anthropic on alternatives. The revised approach keeps the 30-day retention requirement but gives businesses the option to host that data within their existing cloud setup. Anthropic says it expects to roll out the new safety system later this year. The timing is not a coincidence. Palantir CEO Alex Karp had publicly criticized AI companies for what he described as a data grab. OpenAI responded first, previewing its own zero-retention safety processing system for enterprise customers. Anthropic's reversal followed within 24 hours. For a company about to ask public investors for $86 billion, appearing to cave on data privacy under competitive pressure is a story the S-1 roadshow would rather not have running in the background. Users Aren't All Buying It While investors prepare for the biggest AI IPO ever, some of Anthropic's own users are greeting the news with scepticism. One widely shared post on X from user @jumperz summed up the frustration in a list: expensive flagship model, rate limits that cut users off mid-workflow, an invisible text watermark embedded in outputs, and a product they described as "out of touch with what users actually want." The replies leaned into it. One user said their first move would be to short the stock. Another compared the company unfavourably to SpaceXAI, pointing out that Elon Musk's combined entity launches reusable rockets and runs a global satellite internet service on top of building AI. "Why would you ever invest in Anthropic over SpaceX?" they asked. These are social media reactions, not institutional analysis. But they reflect a gap that Anthropic will need to address once it becomes a public company: the distance between what growth-stage investors see in the revenue numbers and what daily users experience in the product. Anthropic has dealt with product controversies before. Its export control clash with the White House in June forced it to disable its most capable models worldwide for weeks. Its multi-agent testing revealed AI coordination failures that made headlines. Each incident chipped at the narrative of a company that moves carefully and gets things right. An IPO prospectus will lay bare the financials. What it won't resolve is whether the product experience matches the price tag. What Happens Next Anthropic is running financial analyses ahead of a potential public filing by the end of August. If the company does file, the S-1 will contain the first public disclosure of detailed revenue, costs, and operating losses, figures that until now have come only through investor briefings and media leaks. The IPO is expected to list on the Nasdaq, with an October 2026 debut as the most likely timeline. OpenAI, which filed its own confidential S-1 in June, may delay its listing to 2027, potentially giving Anthropic a clear window to dominate public market attention. For context, SpaceX's own post-IPO run was anything but smooth. Shares surged 67% in four days, then crashed 49% over the following weeks before stabilising. AI IPO investors should expect similar volatility. The question is no longer whether Anthropic will go public. It is whether an AI company that lost $42 billion last year, changed its data policy under pressure, and is drawing public complaints about its product can convince both Wall Street and Main Street that the growth curve justifies the record. FAQs Will Anthropic's IPO be bigger than SpaceX's? Bloomberg reports that Anthropic is targeting an IPO raise at or above the $86.2 billion SpaceX collected in June 2026. SpaceX currently holds the record for the largest first-time share sale in history. Clearing that figure would give Anthropic the outright record. When is Anthropic expected to go public? Anthropic could file its IPO paperwork publicly as soon as late August 2026, with an October 2026 listing on the Nasdaq as the most likely target. Morgan Stanley, Goldman Sachs and JPMorgan Chase are managing the offering. What is Anthropic's current revenue? The company's run rate reached $65 billion by late July 2026, up from $9 billion at the end of 2025. Backers project that figure will land between $100 billion and $120 billion by year-end. Preliminary Q2 revenue exceeded $11.5 billion. Why did Anthropic change its data retention policy? Anthropic introduced a mandatory 30-day data retention policy for its most capable AI models in June 2026. Enterprise customers objected, and the company responded in August by offering an alternative: businesses can now retain the required data within their own cloud environments rather than handing it to Anthropic. Is Anthropic profitable? Not yet on an annual basis. The company's 2025 financials showed heavy losses driven by compute spending. However, Anthropic posted its first positive adjusted operating income in Q2 2026, and investors project annualized revenue could reach $100 billion or more by year-end, suggesting a path toward sustained profitability is forming.
Amazon-Backed Anthropic Could Seek to Raise Over $100 Billion in Blockbuster IPO
Amazon.com, Inc. is one of the world leaders in on-line distribution of products to the general public. The group also operates a marketplace activity, allowing individuals and distribution companies to conduct their purchase and selling transactions for goods and services. The activity is organized around three families of products and services: - electronic and computer products: toys, cameras, computers, laptops and peripherals, TVs, stereo systems, readers, wireless communication products, etc. Amazon.com also offers kitchen and garden equipment, clothing, beauty products, etc.; - cultural products: books, musical products, video games and DVDs; - other: primarily Internet interface and application development services. Net sales break down by source of income between sales of services (58.7%) and sales of products (41.3%). Net sales are distributed geographically as follows: the United States (68.3%), Germany (6.4%), United Kingdom (6%), Japan (4.3%) and others (15%).
The One Line in Anthropic's S-1 That Amazon Investors Should Read First
New reports indicate that artificial intelligence (AI) lab Anthropic could file its S-1 by the end of the month. Below, I'll detail why Anthropic's public debut carries outsize implications for major backers like Amazon (NASDAQ: AMZN), whose growth is intertwined with the start-up's trajectory. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Reviewing Anthropic's funding and IPO ambitions Reports from Bloomberg suggest Anthropic is aiming for an initial public offering (IPO) that matches or exceeds Space Exploration Technologies' record raise from earlier this summer. Anthropic has already raised roughly $133 billion to date, most recently in a $65 billion Series H round that valued it at $965 billion. This near-trillion-dollar figure reflects Anthropic's explosive growth, with recent quarterly revenue surpassing $11.5 billion and an annualized run rate approaching $65 billion. Why Amazon investors should pay attention to Anthropic's IPO Amazon investors have good reason to monitor the Anthropic offering. Amazon has already invested $13 billion in Anthropic, with commitments for up to an additional $20 billion contingent on commercial milestones. Beyond simple equity ownership, the partnership between Amazon and Anthropic runs deep through AWS. Anthropic uses Amazon's custom silicon for training and inference, including a massive deployment under Project Rainier that utilizes over 1 million Amazon Trainium chips, complemented by its Graviton processors. Anthropic's Claude models power a number of features on Amazon Bedrock for more than 100,000 customers. Meanwhile, the company has pledged more than $100 billion in AWS spending over the next 10 years to secure up to 5 gigawatts of capacity. Assessing Amazon's upside Anthropic's S-1 will provide more precise disclosure around Amazon's ownership. With exact percentages known, investors can better model the position's value. Accurate knowledge of the value of Amazon's stake can help improve forecasts of AWS' revenue acceleration and operating margin expansion driven by Anthropic's compute demands. In turn, I think a fundamental rerating in Amazon stock could follow as investors gain a deeper understanding of Anthropic's influence on Amazon's position in the AI infrastructure supercycle. Should you buy stock in Amazon right now?
The One Line in Anthropic's S-1 That Amazon Investors Should Read First
New reports indicate that artificial intelligence (AI) lab Anthropic could file its S-1 by the end of the month. Below, I'll detail why Anthropic's public debut carries outsize implications for major backers like Amazon (NASDAQ: AMZN), whose growth is intertwined with the start-up's trajectory. Image source: The Motley Fool. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Reviewing Anthropic's funding and IPO ambitions Reports from Bloomberg suggest Anthropic is aiming for an initial public offering (IPO) that matches or exceeds Space Exploration Technologies' record raise from earlier this summer. Anthropic has already raised roughly $133 billion to date, most recently in a $65 billion Series H round that valued it at $965 billion. This near-trillion-dollar figure reflects Anthropic's explosive growth, with recent quarterly revenue surpassing $11.5 billion and an annualized run rate approaching $65 billion. Why Amazon investors should pay attention to Anthropic's IPO Amazon investors have good reason to monitor the Anthropic offering. Amazon has already invested $13 billion in Anthropic, with commitments for up to an additional $20 billion contingent on commercial milestones. Beyond simple equity ownership, the partnership between Amazon and Anthropic runs deep through AWS. Anthropic uses Amazon's custom silicon for training and inference, including a massive deployment under Project Rainier that utilizes over 1 million Amazon Trainium chips, complemented by its Graviton processors. Anthropic's Claude models power a number of features on Amazon Bedrock for more than 100,000 customers. Meanwhile, the company has pledged more than $100 billion in AWS spending over the next 10 years to secure up to 5 gigawatts of capacity. Assessing Amazon's upside Anthropic's S-1 will provide more precise disclosure around Amazon's ownership. With exact percentages known, investors can better model the position's value. Accurate knowledge of the value of Amazon's stake can help improve forecasts of AWS' revenue acceleration and operating margin expansion driven by Anthropic's compute demands. In turn, I think a fundamental rerating in Amazon stock could follow as investors gain a deeper understanding of Anthropic's influence on Amazon's position in the AI infrastructure supercycle. Should you buy stock in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $429,223!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,317,883!* Now, it's worth noting Stock Advisor's total average return is 965% -- a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of August 24, 2026. Adam Spatacco has positions in Amazon. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.
The One Line in Anthropic's S-1 That Amazon Investors Should Read First
New reports indicate that artificial intelligence (AI) lab Anthropic could file its S-1 by the end of the month. Below, I'll detail why Anthropic's public debut carries outsize implications for major backers like Amazon (AMZN -0.57%), whose growth is intertwined with the start-up's trajectory. Reviewing Anthropic's funding and IPO ambitions Reports from Bloomberg suggest Anthropic is aiming for an initial public offering (IPO) that matches or exceeds Space Exploration Technologies' record raise from earlier this summer. Anthropic has already raised roughly $133 billion to date, most recently in a $65 billion Series H round that valued it at $965 billion. This near-trillion-dollar figure reflects Anthropic's explosive growth, with recent quarterly revenue surpassing $11.5 billion and an annualized run rate approaching $65 billion. Why Amazon investors should pay attention to Anthropic's IPO Amazon investors have good reason to monitor the Anthropic offering. Amazon has already invested $13 billion in Anthropic, with commitments for up to an additional $20 billion contingent on commercial milestones. Beyond simple equity ownership, the partnership between Amazon and Anthropic runs deep through AWS. Anthropic uses Amazon's custom silicon for training and inference, including a massive deployment under Project Rainier that utilizes over 1 million Amazon Trainium chips, complemented by its Graviton processors. Anthropic's Claude models power a number of features on Amazon Bedrock for more than 100,000 customers. Meanwhile, the company has pledged more than $100 billion in AWS spending over the next 10 years to secure up to 5 gigawatts of capacity. Assessing Amazon's upside Anthropic's S-1 will provide more precise disclosure around Amazon's ownership. With exact percentages known, investors can better model the position's value. Accurate knowledge of the value of Amazon's stake can help improve forecasts of AWS' revenue acceleration and operating margin expansion driven by Anthropic's compute demands. In turn, I think a fundamental rerating in Amazon stock could follow as investors gain a deeper understanding of Anthropic's influence on Amazon's position in the AI infrastructure supercycle.
Nvidia discusses Perplexity investment at $30 billion-plus valuation: Reports- Moneycontrol.com
Nvidia is in talks to invest in Perplexity as part of an equity funding round that would value the AI startup at more than $30 billion, The Information reported on Sunday, citing people with knowledge of the discussion. The funding round would increase Perplexity's valuation by more than 50% from its previous financing a year ago, according to the report. Perplexity's annualized revenue has risen to more than $750 million from less than $250 million at the start of the year, the report said. Part of the revenue growth has been driven by Perplexity Computer, a cloud-based AI agent used by professionals to automate computer-based tasks, the report added, citing people familiar with the matter. Perplexity declined to comment on the Information report, while Nvidia did not immediately respond to a request for comment. The Information reported in September last year that Perplexity had finalized a $20 billion valuation. Earlier this year, Perplexity signed a $750 million agreement with Microsoft to use its Azure cloud service, according to a Bloomberg News report. Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC in an interview in June. The startup's high-profile backers, along with Nvidia, include Amazon founder Jeff Bezos and Japan's SoftBank Group.
Anthropic's S-1 filing reveals key details for Amazon investors
Amazon's $33 billion bet on the Claude maker has ballooned into a $190 billion stake as Anthropic eyes one of the largest IPOs ever Anthropic quietly filed a draft S-1 registration statement with the SEC on June 1, making official what the AI industry had been whispering about for months: the maker of Claude is heading for the public markets. For Amazon, which has poured up to $33 billion into the company, this filing transforms what was already a monster bet into something that could meaningfully reshape the retail giant's balance sheet. The confidential filing doesn't include share count, pricing, or a timeline for listing. Anthropic says those details will depend on market conditions. The numbers behind the filing Just days before the S-1 hit the SEC's desk, Anthropic closed a $65 billion Series H funding round. That round valued the company at $965 billion post-money, placing it in the same atmospheric tier as the world's most valuable public companies, except it isn't public yet. Anthropic's annualized revenue run rate sat at roughly $47 billion as of May 2026. Amazon's financial exposure here is enormous and increasingly complicated. The tech conglomerate has committed a total of $33 billion to Anthropic, structured across multiple tranches: $8 billion deployed before April 2026, another $5 billion in immediate funding, and milestone-based investments that could reach an additional $20 billion. In return, Anthropic has pledged to spend over $100 billion on Amazon Web Services compute and infrastructure over the next decade. Amazon's stake has nearly tripled in value By the end of Q2 2026, Amazon's stake in Anthropic was valued at $190.4 billion. At the close of Q1, that same stake was worth $74.2 billion. In the span of a single quarter, the position appreciated by more than $116 billion. Amazon's total investment of $33 billion has generated a paper gain of roughly $157 billion at current valuations, a return of nearly 6x before Anthropic has even priced its IPO. Governance structure sets Anthropic apart Anthropic isn't filing as a typical corporation. The company is structured as a Delaware public benefit corporation, which legally obligates its board to balance shareholder returns with broader societal considerations. It has also established a Long-Term Benefit Trust with majority rights in board elections, a governance mechanism designed to prevent the kind of hostile takeover or activist-driven pivots that could compromise the company's stated AI safety mission. This dual structure means public shareholders will have less control over board composition than they would at a traditional C-corp. Google also holds a significant position in Anthropic, making the company's cap table a who's-who of Big Tech cloud providers competing against each other while simultaneously bankrolling the same AI lab. What this means going forward If Anthropic prices its IPO anywhere near its $965 billion private valuation, it would rank among the largest public offerings in history. A $965 billion valuation implies roughly a 20x multiple on annualized revenue. Anthropic has the cash reserves from its $65 billion raise to wait for favorable market conditions, which is precisely why the filing language leaves timing deliberately vague.
Anthropic Could Be Preparing for a Historic IPO -- And Claude Is About to Become a Much Bigger Business Story
The company behind Claude is reportedly preparing for a potential initial public offering, or IPO. And if it actually happens... it could become one of the biggest stock-market debuts ever for an AI company. But what does that actually mean? Let's start with the basics. An IPO is when a privately owned company decides to sell shares of itself to the public for the first time. Before an IPO, Anthropic is essentially owned by its founders and private investors. After an IPO? Anyone who can buy shares on the stock market could potentially own a tiny piece of the company. And that's a huge transition. Because Anthropic wouldn't just be an AI startup anymore. It would become a publicly traded company, with investors watching practically everything it does. And here's why this particular IPO could be so important. Anthropic isn't some random AI startup. It's the company behind Claude, one of the most powerful AI assistants currently competing with ChatGPT, Gemini and other major models. And the AI race has already become one of the most expensive technology battles in history. Training advanced AI models requires enormous amounts of computing power. That means data centers. Thousands of specialized chips. Massive electricity consumption. Huge engineering teams. And billions of dollars in investment. So when a company like Anthropic starts talking about going public... Investors aren't simply asking: " Is Claude a good chatbot? " They're asking something much bigger: " Can this company become one of the defining technology companies of the next decade? " That's a completely different question. And Anthropic has been growing extremely quickly. The company has attracted major investors and strategic partnerships, while Claude is increasingly being adopted by businesses for coding, research, customer support and other professional tasks. That business side is particularly important. Because consumer AI gets all the attention. You ask Claude a question. You generate something. You code. You experiment. But companies can spend massive amounts of money using AI across thousands of employees. And that's where the real economic opportunity is. Imagine a company paying for Claude for 10 employees. Now imagine 10,000 employees. Suddenly... the numbers become very different. That's one reason investors are willing to place extraordinary valuations on AI companies. But an IPO also creates pressure. A private startup can focus on growth. A public company has shareholders. Every quarter, investors want to know: How much money are you making? How quickly are you growing? How much are you spending? And most importantly... When are you going to become profitable? That's especially complicated for AI companies. Because they're spending enormous amounts of money just to operate their models. You can have millions of users... And still spend huge amounts on computing infrastructure. So Anthropic would have to convince public investors that its growth can eventually become a sustainable business. And that's what makes a potential IPO so fascinating. It could give the public markets one of their clearest looks yet at the real economics of frontier AI. How expensive is it to run? How much are companies actually willing to pay? How profitable can an AI model become? And how much is an AI company really worth? Those are questions the entire industry is still trying to answer. And for Morocco, there's a simple reason to care. AI might feel like an app on your phone... But behind that simple interface is an enormous global industry involving chips, cloud computing, electricity, data centers and billions of dollars in investment. If Anthropic goes public at a historic valuation... you'll literally be able to watch the market decide how much Claude's future is worth. But there's one important detail: The IPO hasn't happened. The reports concern preparations and a potential offering. Nothing is guaranteed until Anthropic officially announces the terms and files the necessary documents. So don't treat a rumored valuation or launch date as confirmed. But if Anthropic does eventually enter the stock market... It could mark a major moment for AI. Because the next phase of the AI race might not just be about who builds the smartest model. It could be about: Who can turn intelligence into a sustainable trillion-dollar business? And Anthropic may be preparing to let Wall Street decide exactly how much that future is worth.
Anthropic's Most Powerful AI Is Struggling: Why Businesses Are Choosing Cheaper Rivals
Anthropic's latest flagship AI model, Fable 5, is reportedly seeing slower-than-expected adoption among enterprise customers. The reason is not performance-related, but it is largely due to the pricing. As AI becomes a daily business tool, companies are increasingly choosing cheaper, efficient language models that offer strong real-world performance at a lower operating cost. Here is all that you need to know. For the last two years, AI companies have become increasingly competitive in building the most intelligent language model. Each major launch comes with better reasoning, stronger coding abilities and more human-like conversations. But the next phase of the AI race may not be decided by intelligence alone. In the real world, pricing also matters. When two AI tools do the same job, businesses prefer going for the one that costs less. Anthropic's flagship Fable 5 model is reportedly witnessing weaker-than-expected demand from enterprise customers, as many businesses increasingly opt for lower-cost alternatives that are capable of handling everyday workloads. The development signals a major shift in how organisations evaluate AI investments and that value is becoming just as important as performance. Here is everything you need to know about this shift in behaviour and how Anthropic is performing:
Anthropic Has a $65 Billion Run Rate. Buy These Stocks to Profit From It.
Anthropic, the owner and operator of the popular Claude chatbot, has an annualized revenue run rate of $65 billion, multiple media outlets just confirmed. That's about seven times what it was at the end of last year. The company has filed with the Securities and Exchange Commission to go public later this year through an initial public offering (IPO) that could value it at $2 trillion or more. But because the AI firm is not yet public, there aren't many ways for retail investors to buy a direct stake in it. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " There is an indirect way to get some exposure to Anthropic, however. That's by owning the stocks of companies that have invested heavily in its pre-IPO shares. Image source: Getty Images. That group starts with Amazon (NASDAQ: AMZN). The company's $33 billion investment in Anthropic gave it an impressive 21% stake. Google's parent company, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), holds a 15% stake in Anthropic and can't invest more because the two are major competitors in the large language model space. (Alphabet owns Gemini AI). Salesforce (NYSE: CRM) has a $5 billion stake in the AI firm. Finally, Zoom Communications (NASDAQ: ZM) has a more modest $1.3 billion stake in it. Like everything else those companies own, their stakes in Anthropic are ultimately owned by their shareholders. So their investors should see a major benefit if Anthropic's IPO brings it a valuation of $2 trillion or more. Several tech firms booked big gains from their SpaceX stakes There's a recent precedent for this. In the second quarter of this year, two major technology firms had the biggest positive impact on overall S&P 500 earnings due to their stakes in other firms. Alphabet reported earnings per share of $9.11, more than three times Wall Street's expectations, driven by $98 billion in unrealized stock gains primarily from its ownership stake in Space Exploration Technologies (NASDAQ: SPCX), which went public that quarter. Similarly, Amazon reported $53.4 billion in income from a revaluation of its investment in Anthropic (pre-IPO companies are officially revalued during each new capital-raising round). Amazon shares soared following the release of its second-quarter results. If Anthropic stages a blockbuster IPO, that investment would be revalued significantly higher again. Neither Amazon nor Alphabet shares have had a particularly great 2026, however. After soaring in 2025, both stocks have delivered much more modest gains this year, mostly due to investors' concerns that their massive investments in AI infrastructure will not produce significant returns on investment. Salesforce's share price is down 22% year to date, as investors fear that AI tools could render the company's software obsolete. It's not clear what the future holds for any of these companies, of course. AI technologies are already proving to be a seriously disruptive force -- both positive and negative -- for many industries. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 965%* -- a market-crushing outperformance compared to 212% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks " *Stock Advisor returns as of August 24, 2026. Matthew Benjamin has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon, Salesforce, and Zoom Communications. The Motley Fool has a disclosure policy.
Anthropic Has a $65 Billion Run Rate. Buy These Stocks to Profit From It.
Anthropic, the owner and operator of the popular Claude chatbot, has an annualized revenue run rate of $65 billion, multiple media outlets just confirmed. That's about seven times what it was at the end of last year. The company has filed with the Securities and Exchange Commission to go public later this year through an initial public offering (IPO) that could value it at $2 trillion or more. But because the AI firm is not yet public, there aren't many ways for retail investors to buy a direct stake in it. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " There is an indirect way to get some exposure to Anthropic, however. That's by owning the stocks of companies that have invested heavily in its pre-IPO shares. That group starts with Amazon (NASDAQ: AMZN). The company's $33 billion investment in Anthropic gave it an impressive 21% stake. Google's parent company, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), holds a 15% stake in Anthropic and can't invest more because the two are major competitors in the large language model space. (Alphabet owns Gemini AI). Salesforce (NYSE: CRM) has a $5 billion stake in the AI firm. Finally, Zoom Communications (NASDAQ: ZM) has a more modest $1.3 billion stake in it. Like everything else those companies own, their stakes in Anthropic are ultimately owned by their shareholders. So their investors should see a major benefit if Anthropic's IPO brings it a valuation of $2 trillion or more. Several tech firms booked big gains from their SpaceX stakes There's a recent precedent for this. In the second quarter of this year, two major technology firms had the biggest positive impact on overall S&P 500 earnings due to their stakes in other firms. Alphabet reported earnings per share of $9.11, more than three times Wall Street's expectations, driven by $98 billion in unrealized stock gains primarily from its ownership stake in Space Exploration Technologies (NASDAQ: SPCX), which went public that quarter. Similarly, Amazon reported $53.4 billion in income from a revaluation of its investment in Anthropic (pre-IPO companies are officially revalued during each new capital-raising round). Amazon shares soared following the release of its second-quarter results. If Anthropic stages a blockbuster IPO, that investment would be revalued significantly higher again.
Scoop: Anthropic asks about mission versus money in candidate interviews
The big picture: CEO Dario Amodei has questioned whether newer employees are joining the AI lab for the right reasons, according to a source familiar. The interview process gets to the heart of that tension. What they're saying: Anthropic candidates all go through a culture interview, conducted by an employee who is nominated for the task. * One applicant -- who spoke to Axios on the condition of anonymity for fear of hurting future job opportunities -- recalled being asked how they would feel if the company someday abandoned its AI ambitions for safety reasons, and that decision sent the stock to zero. * A former Anthropic employee familiar with the process said the questions are suggested, but not fully scripted. * That could explain why some applicants remember the question relating to an actual stock crash while others said it was generally related to safety trade-offs that could impact revenue. Zoom in: Anthropic has a standard process for interviews and compensation, according to a source familiar. * What you're offered is what you get. Negotiations are not part of the process. * During the culture interviews, candidates are also asked to talk about a moral quandary they've faced and how they handled it. * "I was honest and said no, I would not be happy if the stock went to 0. ... I would want to align doing the most good and remaining ethical while building a sustaining business. The interviewer didn't seem to like that answer," a writer on the anonymous workplace site Blind wrote. The other side: According to two former Anthropic employees, this interview question was not previously part of the interview process. * Additional posts on Blind indicate candidates got this interview question in 2025. * "Anthropic's had a culture interview since day one," co-founder and president Daniela Amodei said in a Bain Capital video posted two years ago. Follow the money: Prospective employees presumably expect high salaries and eventual returns on their equity, based on how much they're willing to spend to prepare for their interviews. * Some candidates are paying thousands of dollars for private coaching or for mock interviews with engineers from top AI companies, according to Bloomberg. * "Spend a few thousand dollars, and now your salary goes up by $200,000 -- that calculus makes sense," Aline Lerner, founder of prep company Interviewing.io, told Bloomberg. The intrigue: Dario Amodei himself is on track to be one of the richest people in the world after the company goes public, though he has repeatedly pledged to donate 80% of his wealth. Zoom out: "At the end of the day, the mission is what we're all here for," the company's career page states. * That page includes an overview of the interview process, with the word "mission" mentioned six times. Flashback: The money versus mission interview question mirrors situations Anthropic has found itself in publicly. * The company refused to cut a deal with the U.S. military that would allow the government unfettered use of its technology, resulting in lost government contracts. * The company limited access to Mythos, its most cyber capable model, due to safety concerns. Yes, but: It's not clear that these choices were net negative for revenue, and that's difficult to confirm as Anthropic isn't a public company, yet. * After the Department of War scuffle, for example, Anthropic's Claude app hit No. 1 on U.S. app store charts. The bottom line: If you're interviewing at Anthropic, get ready to talk morality.
Anthropic Has a $65 Billion Run Rate. Buy These Stocks to Profit From It.
Anthropic, the owner and operator of the popular Claude chatbot, has an annualized revenue run rate of $65 billion, multiple media outlets just confirmed. That's about seven times what it was at the end of last year. The company has filed with the Securities and Exchange Commission to go public later this year through an initial public offering (IPO) that could value it at $2 trillion or more. But because the AI firm is not yet public, there aren't many ways for retail investors to buy a direct stake in it. There is an indirect way to get some exposure to Anthropic, however. That's by owning the stocks of companies that have invested heavily in its pre-IPO shares. That group starts with Amazon (AMZN -0.57%). The company's $33 billion investment in Anthropic gave it an impressive 21% stake. Google's parent company, Alphabet (GOOGL +1.22%) (GOOG +1.05%), holds a 15% stake in Anthropic and can't invest more because the two are major competitors in the large language model space. (Alphabet owns Gemini AI). Salesforce (CRM +1.82%) has a $5 billion stake in the AI firm. Finally, Zoom Communications (ZM +1.06%) has a more modest $1.3 billion stake in it. Like everything else those companies own, their stakes in Anthropic are ultimately owned by their shareholders. So their investors should see a major benefit if Anthropic's IPO brings it a valuation of $2 trillion or more. Several tech firms booked big gains from their SpaceX stakes There's a recent precedent for this. In the second quarter of this year, two major technology firms had the biggest positive impact on overall S&P 500 earnings due to their stakes in other firms. Alphabet reported earnings per share of $9.11, more than three times Wall Street's expectations, driven by $98 billion in unrealized stock gains primarily from its ownership stake in Space Exploration Technologies (SPCX +2.22%), which went public that quarter. Similarly, Amazon reported $53.4 billion in income from a revaluation of its investment in Anthropic (pre-IPO companies are officially revalued during each new capital-raising round). Amazon shares soared following the release of its second-quarter results. If Anthropic stages a blockbuster IPO, that investment would be revalued significantly higher again. Neither Amazon nor Alphabet shares have had a particularly great 2026, however. After soaring in 2025, both stocks have delivered much more modest gains this year, mostly due to investors' concerns that their massive investments in AI infrastructure will not produce significant returns on investment. Salesforce's share price is down 22% year to date, as investors fear that AI tools could render the company's software obsolete. It's not clear what the future holds for any of these companies, of course. AI technologies are already proving to be a seriously disruptive force -- both positive and negative -- for many industries.
