Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions
Update: 2025-10-31
Description
**Summary:**In a surprising turn of events, Alphabet and Amazon reported significantly higher profits than expected, with a substantial portion coming from their investments in Anthropic, the company behind the Claude chatbot. Anthropic recently raised $13 billion, tripling its valuation to $183 billion, which led to increased reported income for Alphabet and Amazon due to accounting rules. This trend is not isolated, as Microsoft also experienced a loss from its investment in OpenAI. Tech giants are now heavily investing in AI startups, with Google committing $3 billion to Anthropic and Amazon investing $8 billion, showcasing their commitment to AI and its impact on their businesses.
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