News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic has 'unprecedented' demand - and it's leaning on Amazon for support
Amazon is investing another $5 billion in the maker of Claude Amazon and Anthropic have been strategic partners since September 2023. Amazon.com has had a close relationship with Anthropic for years - and now the companies are strengthening their financial and technological ties. The e-commerce giant announced Monday afternoon that it will invest $5 billion in Anthropic currently and as much as $20 billion more down the line. These investments are on top of the $8 billion that Amazon (AMZN) had already poured into the artificial-intelligence startup. Anthropic is committing to secure up to 5 gigawatts of Amazon's custom Trainium chips, which represents both an endorsement of Amazon's technology and a further sign that AI players are looking to diversify and expand their semiconductor supply in what's still a constrained market. The AI lab also committed to spend more than $100 billion on Amazon Web Services over the next decade. "Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it's in such hot demand," Amazon CEO Andy Jassy said in a blog post. Amazon's stock was up 2.7% in Monday's extended session. The push to expand Anthropic's capacity comes as the AI lab touts its "unprecedented consumer growth." Earlier this month, the company said its revenue run rate had exceeded $30 billion, up from $9 billion at the end of 2025. Meanwhile, rival OpenAI said this month it was generating some $2 billion a month, which implying that it's trailing behind Anthropic on a run-rate basis, according to Jefferies. Anthropic said in a blog post that growing at such a pace is placing an "inevitable strain" on its infrastructure, which has impacted reliability and performance for both free and paid users. In addition to the Amazon deal, Anthropic also recently expanded its relationship with Broadcom (AVGO) to access about 3.5 GW of Google's tensor processing units beginning in 2027. "Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand," Anthropic CEO Dario Amodei said in a statement. The deal with Anthropic underscores Amazon's importance in the ecosystem. A recently leaked memo from OpenAI touted the company's relationship with Amazon as key to growing its enterprise business. Amazon is expected to devote most of its projected $200 billion in capital expenditures this year toward AI. In a letter to shareholders this month, Jassy said AWS's AI revenue run rate was over $15 billion for the first quarter of 2026. Its custom chips business also has an annual revenue run rate of more than $20 billion, he said. Don't miss: A new era of AI crime has arrived with Anthropic's Mythos -Emily Bary -William Gavin This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Texas environmental network plans to protest SpaceX analyst meetings
By Ross Kerber and Echo Wang April 20 (Reuters) - Environmental activists plan to protest outside SpaceX's Starbase launch facilities on Tuesday ahead of the highly anticipated IPO of Elon Musk's company, pressuring big public pension funds to avoid the deal due to worries about pollution from rocket launches and safety issues. The South Texas Environmental Justice Network said its members plan to protest outside the facility's main entrance on Tuesday as SpaceX kicks off three days of tours and meetings with Wall Street stock analysts. Network co-founder Bekah Hinojosa said she is urging investors to boycott the IPO and has lobbied the office of New York City Comptroller Mark Levine against buying the company's shares for the city's pension plans. The company's rocket launches from its Starbase facility in Boca Chica, Texas have caused Hinojosa's apartment in nearby Brownsville to shake. Hinojosa said she is also worried that the flames emitted by the rockets could set off fires in the dry South Texas landscape. "It doesn't feel great to feel like we're being bombed by Elon Musk," Hinojosa said in an interview on Monday. She added that she has had several conversations with Levine's office about SpaceX. A representative for the comptroller declined to comment. SpaceX did not immediately respond to requests for comment. Hinojosa's concerns underscore a quandary facing potential shareholders in what could be the biggest IPO in history. Shareholders, especially public-sector pension fund leaders in Democratic-leaning states, often promote conservation concerns. They also have spent years arguing unsuccessfully that Musk needs more oversight at the helm of his carmaker Tesla and the X social-media platform. Yet now some of the same funds may back Musk's next venture, either by buying directly into the IPO or if and when the company is added to indexes that guide their investments. SpaceX began launches from Starbase in 2019 and it has become the manufacturing center for the company's Starship spacecraft and its Super Heavy Booster rocket. The success has been accompanied by challenges at the site, including a 2023 launch explosion that sent a cloud of pulverized concrete over a small town nearby, and started a ground fire. The company has since upgraded its launch pad with a water-cooling system, though it faced concerns about its permit for the process. (Reporting by Ross Kerber; Edited by Dawn Kopecki and David Gregorio)
Amazon Plans to Invest Up to $25 Billion in Anthropic
Amazon has agreed to invest as much as $25 billion more in Anthropic, the artificial intelligence start-up that created the Claude chatbot, the companies said on Monday, the latest in a series of massive deals between tech giants and A.I. start-ups. Amazon, which previously invested $8 billion in Anthropic, is already one of the start-up's largest investors. In the latest deal, Amazon plans to invest $5 billion to start, with the potential to add another $20 billion if Anthropic hits certain milestones. Anthropic, in turn, committed to spend $100 billion on computing power and other services from Amazon's cloud computing business over the next decade. The start-up will also continue to use specialized computer chips that Amazon has designed as an alternative to high-priced chips from Nvidia, the Silicon Valley chipmaker that dominates the A.I. market. The largest tech companies are continuing to pour billions of dollars into A.I. despite worries by some investors that the costs are too high. Over the past few years, spending on A.I. has climbed to record heights, raising questions about whether the boom can be sustained. The agreements between Amazon and Anthropic are also the latest example of the circular deal making at the heart of the A.I. surge. Amazon, Google, Microsoft and Nvidia have invested huge sums in companies like Anthropic and OpenAI. In exchange, these start-ups purchase massive amounts of computing power from the same investors. Amazon and Anthropic are betting that they can deliver leading A.I. technologies using alternatives to Nvidia's powerful but expensive chips. Over the past year, Anthropic has become one of the largest users of Amazon's latest chip, known as Trainium. "Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand," Dario Amodei, Anthropic's chief executive, said in a statement. Andy Jassy, Amazon's chief executive, said in a statement that Anthropic's bet to run its models on Amazon's chips over the next decade "reflects the progress we've made together on custom silicon." In February, Anthropic completed a funding round that brought $30 billion into its coffers, valuing the young company at $380 billion, which was more than double its valuation from the previous September. The new deal with Amazon does not affect Anthropic's valuation. Amazon in February also said it was investing $50 billion in OpenAI, the start-up behind ChatGPT that has said it would spend more than $100 billion on Amazon's services. Amazon has told investors that it expects to spend $200 billion this year on capital expenditures, primarily to build data centers and fill them with chips used to power A.I. Mr. Jassy wrote in a shareholder letter earlier this month that the investments were not made "on a hunch," but reflected commitments from OpenAI and other unannounced deals. (The Times sued OpenAI and Microsoft in 2023 for copyright infringement of news content related to A.I. systems. The two companies have denied those claims.)
Amazon Bolsters AI Ambitions with $25 Billion Investment in Anthropic | Technology
Amazon has announced a significant investment of up to $25 billion in AI startup Anthropic, as the latter plans to allocate over $100 billion towards Amazon's cloud technologies over the next decade. This move strengthens Amazon's foothold in the AI sector and highlights its commitment to advancing AI infrastructure. Amazon announced on Monday its plan to invest as much as $25 billion in Anthropic, an AI-focused startup, marking a strategic deepening of their relationship. Anthropic has committed to spending over $100 billion on Amazon's cloud technologies within the next decade, aiming to advance its models significantly. The Seattle-based tech giant will initially contribute $5 billion, with a future investment of $20 billion, conditioned on reaching certain commercial milestones. This follows Amazon's earlier $8 billion investment in Anthropic, signaling its drive to support leading AI firms individual of its own AI endeavors. Besides Amazon's rising stake in AI startups like Anthropic and OpenAI, it remains a key provider of infrastructure, especially in cloud computing. Anthropic aims to advance its model's capacities using Amazon's Trainium chips, while Amazon continues attracting clients for its Trainium2 and Trainium3 chips built for AI training.
Amazon to invest up to $25 billion in Anthropic as part of $100 billion cloud deal
April 20 : Amazon said on Monday that it will invest up to $25 billion in Anthropic, as the AI startup commits to spending more than $100 billion over the next 10 years on Amazon's cloud technologies. The deal deepens the two firms' relationship as Anthropic rushes to secure capacity to bolster its models. Seattle-based Amazon will invest $5 billion in Anthropic now, and an additional $20 billion in the future, subject to certain commercial milestones. This is in addition to the $8 billion Amazon previously invested in the company. Amazon has struggled to generate buzz around its own AI models, such as Nova, while continuing to be a leader in providing critical infrastructure for the AI boom, such as cloud computing power. Amazon said it anticipates around $200 billion this year on capital expenditures, largely for AI development. Amazon is also making big bets on the largest AI startups. The new investment in Anthropic, the creator of Claude, follows Amazon's announcement earlier this year it would invest up to $50 billion in OpenAI, the maker of ChatGPT. In a statement, Anthropic said it expected to bring roughly 1 gigawatt of capacity via Trainium2 and Trainium3 chips by year-end. Anthropic ultimately expects to secure up to 5 gigawatts of such capacity. Amazon CEO Andy Jassy said in a statement that Anthropic's use of Trainium chips "reflects the progress we've made together on custom silicon." Anthropic is aiming to pull ahead in the AI race with model releases focusing on coding and design, while Amazon seeks customers for its custom silicon chips built for artificial intelligence training and inference. Amazon shares rose around 2.7 per cent in extended trading.
Amazon will invest up to $25 billion in Anthropic in a broad deal
Amazon and Anthropic are strengthening their ties once again, with steep financial commitments made on both sides. Today, Amazon announced that it will invest $5 billion in the AI company, along with as much as $20 billion in additional payments if certain milestones are met. This news follows the initial $4 billion investment Amazon made in Anthropic in 2023 and a second $4 billion round from 2024. On Anthropic's side, it has committed to continued use of Amazon's custom Trainium silicon for its AI models. The latest agreement will see Anthropic promising to spend more than $100 billion on AWS technologies over the coming decade. It will secure up to 5 gigawatts of current and future chip capacity for training and powering its models. Their partnership is also bringing Anthropic's Claude platform to Amazon Web Services customers within the AWS portal, removing the need for additional credentials.
Texas environmental network plans to protest SpaceX analyst meetings
April 20 (Reuters) - Environmental activists plan to protest outside SpaceX's Starbase launch facilities on Tuesday ahead of the highly anticipated IPO of Elon Musk's company, pressuring big public pension funds to avoid the deal due to worries about pollution from rocket launches and safety issues. The South Texas Environmental Justice Network said its members plan to protest outside the facility's main entrance on Tuesday as SpaceX kicks off three days of tours and meetings with Wall Street stock analysts. Network co-founder Bekah Hinojosa said she is urging investors to boycott the IPO and has lobbied the office of New York City Comptroller Mark Levine against buying the company's shares for the city's pension plans. The company's rocket launches from its Starbase facility in Boca Chica, Texas have caused Hinojosa's apartment in nearby Brownsville to shake. Hinojosa said she is also worried that the flames emitted by the rockets could set off fires in the dry South Texas landscape. "It doesn't feel great to feel like we're being bombed by Elon Musk," Hinojosa said in an interview on Monday. She added that she has had several conversations with Levine's office about SpaceX. A representative for the comptroller declined to comment. SpaceX did not immediately respond to requests for comment. Hinojosa's concerns underscore a quandary facing potential shareholders in what could be the biggest IPO in history. Shareholders, especially public-sector pension fund leaders in Democratic-leaning states, often promote conservation concerns. They also have spent years arguing unsuccessfully that Musk needs more oversight at the helm of his carmaker Tesla and the X social-media platform. Yet now some of the same funds may back Musk's next venture, either by buying directly into the IPO or if and when the company is added to indexes that guide their investments. SpaceX began launches from Starbase in 2019 and it has become the manufacturing center for the company's Starship spacecraft and its Super Heavy Booster rocket. The success has been accompanied by challenges at the site, including a 2023 launch explosion that sent a cloud of pulverized concrete over a small town nearby, and started a ground fire. The company has since upgraded its launch pad with a water-cooling system, though it faced concerns about its permit for the process. (Reporting by Ross Kerber; Edited by Dawn Kopecki and David Gregorio) By Ross Kerber and Echo Wang
Anthropic to spend over $100bn over a decade on Amazon's cloud tech - MyJoyOnline
Amazon said on Monday that Anthropic will spend more than $100 billion over the next 10 years on its cloud technologies, deepening its relationship as the AI startup rushes to secure capacity to bolster its models. Amazon will also invest $5 billion in Anthropic now, and an additional $20 billion in the future, subject to certain commercial milestones. This is in addition to the $8 billion Amazon has previously invested in the company. Anthropic is aiming to pull ahead in the AI race with a slew of model releases focused on coding and design, while Amazon seeks customers for its custom silicon chips built for artificial intelligence training and inference.
Texas environmental network plans to protest SpaceX analyst meetings By Reuters
By Ross Kerber and Echo Wang April 20 (Reuters) - Environmental activists plan to protest outside SpaceX's Starbase launch facilities on Tuesday ahead of the highly anticipated IPO of Elon Musk's company, pressuring big public pension funds to avoid the deal due to worries about pollution from rocket launches and safety issues. The South Texas Environmental Justice Network said its members plan to protest outside the facility's main entrance on Tuesday as SpaceX kicks off three days of tours and meetings with Wall Street stock analysts. Network co-founder Bekah Hinojosa said she is urging investors to boycott the IPO and has lobbied the office of New York City Comptroller Mark Levine against buying the company's shares for the city's pension plans. The company's rocket launches from its Starbase facility in Boca Chica, Texas have caused Hinojosa's apartment in nearby Brownsville to shake. Hinojosa said she is also worried that the flames emitted by the rockets could set off fires in the dry South Texas landscape. "It doesn't feel great to feel like we're being bombed by Elon Musk," Hinojosa said in an interview on Monday. She added that she has had several conversations with Levine's office about SpaceX. A representative for the comptroller declined to comment. SpaceX did not immediately respond to requests for comment. Hinojosa's concerns underscore a quandary facing potential shareholders in what could be the biggest IPO in history. Shareholders, especially public-sector pension fund leaders in Democratic-leaning states, often promote conservation concerns. They also have spent years arguing unsuccessfully that Musk needs more oversight at the helm of his carmaker Tesla and the X social-media platform. Yet now some of the same funds may back Musk's next venture, either by buying directly into the IPO or if and when the company is added to indexes that guide their investments. SpaceX began launches from Starbase in 2019 and it has become the manufacturing center for the company's Starship spacecraft and its Super Heavy Booster rocket. The success has been accompanied by challenges at the site, including a 2023 launch explosion that sent a cloud of pulverized concrete over a small town nearby, and started a ground fire. The company has since upgraded its launch pad with a water-cooling system, though it faced concerns about its permit for the process.
Texas environmental network plans to protest SpaceX analyst meetings
April 20 (Reuters) - Environmental activists plan to protest outside SpaceX's Starbase launch facilities on Tuesday ahead of the highly anticipated IPO of Elon Musk's company, pressuring big public pension funds to avoid the deal due to worries about pollution from rocket launches and safety issues. The South Texas Environmental Justice Network said its members plan to protest outside the facility's main entrance on Tuesday as SpaceX kicks off three days of tours and meetings with Wall Street stock analysts. Network co-founder Bekah Hinojosa said she is urging investors to boycott the IPO and has lobbied the office of New York City Comptroller Mark Levine against buying the company's shares for the city's pension plans. The company's rocket launches from its Starbase facility in Boca Chica, Texas have caused Hinojosa's apartment in nearby Brownsville to shake. Hinojosa said she is also worried that the flames emitted by the rockets could set off fires in the dry South Texas landscape. "It doesn't feel great to feel like we're being bombed by Elon Musk," Hinojosa said in an interview on Monday. She added that she has had several conversations with Levine's office about SpaceX. A representative for the comptroller declined to comment. SpaceX did not immediately respond to requests for comment. Hinojosa's concerns underscore a quandary facing potential shareholders in what could be the biggest IPO in history. Shareholders, especially public-sector pension fund leaders in Democratic-leaning states, often promote conservation concerns. They also have spent years arguing unsuccessfully that Musk needs more oversight at the helm of his carmaker Tesla and the X social-media platform. Yet now some of the same funds may back Musk's next venture, either by buying directly into the IPO or if and when the company is added to indexes that guide their investments. SpaceX began launches from Starbase in 2019 and it has become the manufacturing center for the company's Starship spacecraft and its Super Heavy Booster rocket. The success has been accompanied by challenges at the site, including a 2023 launch explosion that sent a cloud of pulverized concrete over a small town nearby, and started a ground fire. The company has since upgraded its launch pad with a water-cooling system, though it faced concerns about its permit for the process. (Reporting by Ross Kerber; Edited by Dawn Kopecki and David Gregorio)
Texas environmental network plans to protest SpaceX analyst meetings By Reuters
By Ross Kerber and Echo Wang April 20 (Reuters) - Environmental activists plan to protest outside SpaceX's Starbase launch facilities on Tuesday ahead of the highly anticipated IPO of Elon Musk's company, pressuring big public pension funds to avoid the deal due to worries about pollution from rocket launches and safety issues. The South Texas Environmental Justice Network said its members plan to protest outside the facility's main entrance on Tuesday as SpaceX kicks off three days of tours and meetings with Wall Street stock analysts. Network co-founder Bekah Hinojosa said she is urging investors to boycott the IPO and has lobbied the office of New York City Comptroller Mark Levine against buying the company's shares for the city's pension plans. The company's rocket launches from its Starbase facility in Boca Chica, Texas have caused Hinojosa's apartment in nearby Brownsville to shake. Hinojosa said she is also worried that the flames emitted by the rockets could set off fires in the dry South Texas landscape. "It doesn't feel great to feel like we're being bombed by Elon Musk," Hinojosa said in an interview on Monday. She added that she has had several conversations with Levine's office about SpaceX. A representative for the comptroller declined to comment. SpaceX did not immediately respond to requests for comment. Hinojosa's concerns underscore a quandary facing potential shareholders in what could be the biggest IPO in history. Shareholders, especially public-sector pension fund leaders in Democratic-leaning states, often promote conservation concerns. They also have spent years arguing unsuccessfully that Musk needs more oversight at the helm of his carmaker Tesla and the X social-media platform. Yet now some of the same funds may back Musk's next venture, either by buying directly into the IPO or if and when the company is added to indexes that guide their investments. SpaceX began launches from Starbase in 2019 and it has become the manufacturing center for the company's Starship spacecraft and its Super Heavy Booster rocket. The success has been accompanied by challenges at the site, including a 2023 launch explosion that sent a cloud of pulverized concrete over a small town nearby, and started a ground fire. The company has since upgraded its launch pad with a water-cooling system, though it faced concerns about its permit for the process.
Texas environmental network plans to protest SpaceX analyst meetings
April 20 (Reuters) - Environmental activists plan to protest outside SpaceX's Starbase launch facilities on Tuesday ahead of the highly anticipated IPO of Elon Musk's company, pressuring big public pension funds to avoid the deal due to worries about pollution from rocket launches and safety issues. The South Texas Environmental Justice Network said its members plan to protest outside the facility's main entrance on Tuesday as SpaceX kicks off three days of tours and meetings with Wall Street stock analysts. Network co-founder Bekah Hinojosa said she is urging investors to boycott the IPO and has lobbied the office of New York City Comptroller Mark Levine against buying the company's shares for the city's pension plans. The company's rocket launches from its Starbase facility in Boca Chica, Texas have caused Hinojosa's apartment in nearby Brownsville to shake. Hinojosa said she is also worried that the flames emitted by the rockets could set off fires in the dry South Texas landscape. "It doesn't feel great to feel like we're being bombed by Elon Musk," Hinojosa said in an interview on Monday. She added that she has had several conversations with Levine's office about SpaceX. A representative for the comptroller declined to comment. SpaceX did not immediately respond to requests for comment. Hinojosa's concerns underscore a quandary facing potential shareholders in what could be the biggest IPO in history. Shareholders, especially public-sector pension fund leaders in Democratic-leaning states, often promote conservation concerns. They also have spent years arguing unsuccessfully that Musk needs more oversight at the helm of his carmaker Tesla and the X social-media platform. Yet now some of the same funds may back Musk's next venture, either by buying directly into the IPO or if and when the company is added to indexes that guide their investments. SpaceX began launches from Starbase in 2019 and it has become the manufacturing center for the company's Starship spacecraft and its Super Heavy Booster rocket. The success has been accompanied by challenges at the site, including a 2023 launch explosion that sent a cloud of pulverized concrete over a small town nearby, and started a ground fire. The company has since upgraded its launch pad with a water-cooling system, though it faced concerns about its permit, opens new tab for the process. Reporting by Ross Kerber; Edited by Dawn Kopecki and David Gregorio Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Climate & Energy * Environmental Justice * Climate Change * ADAS, AV & Safety * Sustainable & EV Supply Chain Ross Kerber Thomson Reuters Ross Kerber is U.S. Sustainable Business Correspondent for Reuters News, a beat he created to cover investors' growing concern for environmental, social and governance (ESG) issues, and the response from executives and policymakers. Ross joined Reuters in 2009 after a decade at The Boston Globe and has written on topics including proxy voting by the largest asset managers, the corporate response to social movements like Black Lives Matter, and the backlash to ESG efforts by conservatives. He writes the weekly Reuters Sustainable Finance Newsletter. Echo Wang Thomson Reuters Echo Wang is a correspondent at Reuters covering U.S. equity capital markets, and the intersection of Chinese business in the U.S, breaking news from U.S. crackdown on TikTok and Grindr, to restrictions Chinese companies face in listing in New York. She was the Reuters' Reporter of the Year in 2020.
Anthropic and Amazon agree $100bn AI infrastructure deal
Anthropic has committed to spend more than $100bn on chips and computing power from Amazon as it seeks to bulk up its capacity after running up against supply constraints. The $380bn AI lab will receive up to 5 gigawatts of new capacity to train and run its model Claude over the next decade, with close to a fifth of that arriving this year, it announced on Monday. Amazon will invest $5bn into Anthropic immediately at its current valuation and up to a further $20bn over time. Anthropic and rivals including OpenAI have sought to lock in as much computing power as possible in order to serve their models to customers and continue their turbocharged growth. The success of Anthropic's AI tools this year, in particular its coding tool Claude Code, has tested the company's ability to reliably serve customers. The start-up has suffered a number of outages this year. Dario Amodei, chief executive of Anthropic, said: "Our users tell us Claude is increasingly essential to how they work and we need to build the infrastructure to keep pace with rapidly growing demand." Earlier this month, the group announced deals with Google and Broadcom which will add another roughly 5GW over the coming years to its stockpile of computing power. Late last year, Amodei criticised rivals that had pledged hundreds of billions of dollars to secure chips and infrastructure in remarks that were widely seen as a veiled reference to OpenAI. "I think there are some players who are 'YOLO'-ing, who pull the risk dial too far," he told a New York Times conference in December, referring to the term 'you only live once'. But the strain on Anthropic's computing resources in recent months has spurred dealmaking, said people with knowledge of the matter. Like OpenAI, Anthropic has struck agreements which are circular in nature, taking investment from partners such as Amazon and then purchasing more of their chips. Its need for data centre capacity will increase with the widespread release of the company's powerful new AI model, Mythos, which is available only to a small group of partners. Anthropic's annualised revenue has surged from $9bn at the end of last year to more than $30bn. "Growth at this pace places an inevitable strain on our infrastructure," the company said on Monday, highlighting "reliability and performance" issues during peak hours. "We are building the infrastructure needed to keep Claude at the frontier and reliably serve our growing customer base." Amazon has invested $8bn in Anthropic since 2023. In February, the group agreed to invest $15bn in OpenAI immediately and up to $50bn over time. Anthropic is one of the largest customers for Amazon's Trainium series of chips. The cloud giant sought to leverage its relationship with the start-up to position its semiconductors as a rival to Nvidia's popular GPUs. Andy Jassy, Amazon's chief executive, on Monday said the deal "reflects the progress we've made together on custom silicon". The cloud giant is building vast data centre capacity for the AI lab, including through Project Rainier, a large data centre programme beginning with a 2.4GW campus in New Carlisle, Indiana. OpenAI turned to Amazon late last year to secure capacity after it renegotiated the terms of an exclusive deal it held with Microsoft.
Amazon, Anthropic Strengthen AI Ties With $5B Investment
Amazon will invest an additional $5 billion in Anthropic, expanding its financial and commercial relationship with the AI company and deepening Anthropic's reliance on Amazon Web Services (AWS) for infrastructure. The investment - announced Monday - includes $5 billion upfront and up to $20 billion in additional funding tied to commercial milestones. It builds on the roughly $8 billion Amazon has previously committed to the AI company. "Our custom AI silicon offers high performance at significantly lower cost," said Andy Jassy, CEO of Amazon, in a prepared statement. "Anthropic's commitment to run its large language models on AWS Trainium for the next decade reflects the progress we've made." Alongside the investment, Anthropic plans to spend more than $100 billion on AWS over the next decade, using the platform for both model training and inference. The company will rely on AWS infrastructure including Trainium chips and Graviton CPUs. Related:Equinix, CPP Investments Confirm $4B Purchase of atNorth The agreement extends beyond a typical equity investment. Anthropic's long-term spending commitment establishes AWS as its primary infrastructure provider and ties the company's growth to AWS capacity and services. The scale of the agreement suggests a sustained, high level of demand for AI infrastructure over the coming years. "Our users tell us Claude is increasingly essential... we need to build the infrastructure to keep pace with rapidly growing demand," said Dario Amodei, CEO and co-founder of Anthropic. The structure of the agreement also aligns with Amazon's broader shift toward building AI infrastructure ahead of demand. As previously reported by Data Center Knowledge, the company's planned $200 billion in AI-related spending reflects a move toward deploying capacity in anticipation of future workloads, rather than scaling incrementally with enterprise adoption. That approach prioritizes early access to power, land, and silicon, but also raises questions about utilization if demand does not materialize as quickly as expected. The partnership also reinforces Amazon's investment in its own AI chips. Anthropic's use of Trainium provides AWS with a large-scale deployment environment for its custom silicon, as the company continues to position its chips as an alternative to third-party GPUs.
Environmental Concerns Loom Over SpaceX's Upcoming IPO | Headlines
Environmental activists, led by the South Texas Environmental Justice Network, are planning a protest outside SpaceX's Starbase against the impending IPO, citing concerns over pollution and safety risks from rocket launches. The protests target public pension funds to dissuade investment in the company. Environmental activists have announced plans to protest at the entrance of SpaceX's Starbase launch site ahead of the company's much-anticipated IPO. The demonstrations aim to pressure large public pension funds to abstain from investing, highlighting environmental and safety concerns associated with rocket launches. The South Texas Environmental Justice Network, led by co-founder Bekah Hinojosa, will stage the protest as SpaceX hosts events with Wall Street analysts. The group is lobbying New York City Comptroller Mark Levine to resist including SpaceX shares in the city's pension portfolio. SpaceX's rocket launches have reportedly caused significant disturbances, including shaking buildings and the potential to start fires in the local dry landscape. Despite the company's efforts to address previous launch-related issues, environmental groups continue to express serious reservations about the environmental impacts of ongoing and future operations.
Anthropic, Amazon Tighten Bond in $5 Billion Investment and Computing Deal
Amazon.com will invest an additional $5 billion in Anthropic, with that total potentially rising to $25 billion. Amazon AMZN -0.91%decrease; red down pointing triangle said Monday that it would invest an additional $5 billion in Anthropic, part of a broadening partnership that will see the two tech companies collaborate more closely. Amazon said its total investment could be as high as $25 billion if the partnership hits certain commercial milestones. As part of the agreement, Anthropic, which has increasingly been hampered by a shortage of the computing power needed to serve its popular artificial intelligence models, agreed to purchase more than $100 billion of Amazon's cloud services. Anthropic said it would make use of 5 gigawatts' worth of Amazon's AI chips as part of the agreement. The investment comes as competition in the AI industry heats up ahead of the expected public offerings of Anthropic and its rival OpenAI. Amazon is rapidly expanding spending on new data centers and chip designs. The company has said that it would spend $200 billion on capital expenditures this year, much of it on AI-related investments, including new data centers. The pace of investment has led some analysts to question whether Amazon could justify the spending with enough new business. Amazon shares rose nearly 3% in after-hours trading on Monday. Amazon's partnership with Anthropic started in 2023 when the e-commerce and cloud computing giant invested $4 billion in the AI startup. Today, Anthropic is both a strategic investment and a key customer for Amazon Web Services and the company's AI chips, dubbed Trainium. In October, Amazon opened one of the largest AI data centers for Anthropic in Indiana called Project Rainier, which is powered by half-a-million Trainium 2 chips. Ultimately, that number is set to double, Amazon has said. The added computing capacity could help relieve pressure on Anthropic, recently valued at $380 billion, as demand for its AI models surges. The company has faced a computing power crunch that has led to outages, throttling and slower performance for Claude. Some customers have opted to switch to other AI models out of frustration with the disruptions, the Journal has reported. Earlier this month, Anthropic also expanded its partnership with Alphabet's Google and Broadcom, adding multiple gigawatts of capacity on their TPU chips. Recent months have seen rapid growth of the company's coding tool Claude Code. Anthropic said this month that its revenue run-rate had reached $30 billion, far exceeding its earlier expectations for the year. In a statement, Anthropic Chief Executive Dario Amodei said the company needs "to build the infrastructure to keep pace with rapidly growing demand."
Anthropic to spend over $100 billion over a decade on Amazon's cloud tech
April 20 (Reuters) - Amazon said on Monday that Anthropic will spend more than $100 billion over the next 10 years on its cloud technologies, deepening their relationship as the AI startup rushes to secure capacity to bolster its models. Amazon will also invest $5 billion in Anthropic now, and an additional $20 billion in the future, subject to certain commercial milestones. This is in addition to the $8 billion Amazon has previously invested in the company. Anthropic is aiming to pull ahead in the AI race with a slew of model releases focusing on coding and design, while Amazon seeks customers for its custom silicon chips built for artificial intelligence training and inference. Amazon shares rose around 2.5% in extended trading. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Pooja Desai)
Amazon doubles down on Anthropic with $25B investment, mirroring its OpenAI cloud deal
Amazon is now running the same playbook with both of the world's top AI labs. Two months after investing $50 billion in OpenAI and striking a $100 billion cloud deal, Amazon announced a similar arrangement Monday with its original AI partner, Anthropic: up to $25 billion in new investment and a $100 billion-plus commitment to AWS over 10 years. The deal also secures Anthropic up to 5 gigawatts of capacity on Amazon's custom Trainium chips, a direct rebuttal to OpenAI's claim last week that Anthropic made a "strategic misstep to not acquire enough compute" and was "operating on a meaningfully smaller curve." In a blog post announcing the expanded Amazon deal, Anthropic acknowledged that surging consumer demand has strained its infrastructure, impacting reliability during peak hours -- a pressure the expanded AWS deal is designed to relieve. For perspective, a large nuclear power plant produces about 1 gigawatt, so Anthropic is securing the computing equivalent of up to five nuclear plants' worth of capacity. As part of the deal, the full Claude Platform will be available directly within AWS, letting customers access Anthropic's tools through their existing AWS account, billing, and security controls -- a deeper integration than offering Claude through Amazon's Bedrock marketplace. Amazon is investing $5 billion in Anthropic now, with up to $20 billion more tied to commercial milestones, on top of the $8 billion it previously invested, dating back to 2023, when Amazon first backed Anthropic. The initial investment is at Anthropic's latest valuation of $380 billion. It comes as both Anthropic and OpenAI prepare for potential IPOs, with each company seeking to demonstrate the long-term capacity commitments that public market investors will expect. "Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand," said Anthropic CEO Dario Amodei in a statement, noting that more than 100,000 customers are building on Claude through AWS. Microsoft has also invested in both labs -- putting more than $13 billion into OpenAI and up to $5 billion into Anthropic. The two Seattle-area tech giants are now placing parallel bets on the same two AI companies, each jockeying for position as AI reshapes the cloud market. "Anthropic's commitment to run its large language models on AWS Trainium for the next decade reflects the progress we've made together on custom silicon," said Amazon CEO Andy Jassy in a statement. Anthropic's cloud commitment spans Amazon's Trainium2 through Trainium4, with the option to purchase future generations of Amazon's custom silicon as they become available. The companies said nearly 1 gigawatt of Trainium2 and Trainium3 capacity will come online by the end of this year, and that Anthropic currently uses more than 1 million Trainium2 chips to train and serve Claude.
Amazon and Anthropic Strengthen Strategic Partnership
Amazon and Anthropic have expanded their strategic partnership, aiming to enhance artificial intelligence capabilities. This collaboration focuses on advancing technology infrastructure and delivering robust AI solutions. Details of the Partnership The enhanced collaboration will involve significant investments from both companies. This partnership emphasizes the development of new features and models to strengthen their offerings in the AI sector. Goals and Expectations * Investment in evolving AI frameworks * Optimization of AI safety and security measures * Increasing the reliability and effectiveness of AI applications As part of the initiative, Amazon plans to leverage its Trainium chips, designed for AI workloads. This technology aims to improve compute capacities and performance metrics. Broader Economic Context The partnership's success will depend on various external factors. Key considerations include fluctuations in global economic conditions, customer demand, and international trade dynamics. Additionally, changes in energy prices and supply chain constraints may influence outcomes. Both companies acknowledge potential risks associated with their collaborative efforts. These include market competition, data security challenges, and regulatory concerns that could impact deployment timelines. Future Outlook Amazon and Anthropic are committed to navigating these challenges. They intend to effectively manage growth and explore new business opportunities in the evolving AI landscape. For more updates on this partnership and advancements in AI technologies, stay connected with El-Balad.
Banking Titans Scramble for Anthropic's Mythos Amid Cybersecurity Concerns | Technology
Anthropic's new AI model, Mythos, is prompting a rush among banks to gain access as regulators examine its cybersecurity risks. While some banks, like JPMorgan and Citigroup, are testing the technology, others highlight concerns over limited access. European and Asian regulators are also monitoring developments cautiously. The latest AI model from Anthropic, known as Mythos, is causing a frenzy within the banking sector as they seek to secure access and assess its potential cybersecurity implications. During the spring meeting of the International Monetary Fund in Washington, regulators voiced concerns about the significant challenges Mythos presents to existing banking systems. Access to Mythos has been restricted, yet major banks like JPMorgan and Citigroup are currently testing its applications internally, while other financial institutions are playing catch-up. Deutsche Bank CEO Christian Sewing emphasized the need for caution but acknowledged that financial institutions must integrate such advancements into their cybersecurity strategies. Global regulators, including those from Europe and Asia, are keeping a close eye on the developments, with some UK officials labeling Mythos as extraordinarily adept at cyber offense. The unfolding situation underscores the duality of AI innovation: while opportunities abound, so do new and elevated risks that affect industries at large.
