Amazon puts up to $25 billion more into Anthropic and secures 10-year cloud commitment in return

The deal is Amazon’s second consecutive mega-round with a frontier AI lab, following a near-identical $50 billion investment in OpenAI two months ago. Anthropic’s annualised revenue has reached $30 billion. The arrangement locks Anthropic into AWS’s Trainium chips through Trainium4 and secures up to 5 gigawatts of compute capacity for Claude.

Amazon has agreed to invest up to $25 billion in Anthropic, the AI safety company behind the Claude family of models, as part of an expanded agreement that simultaneously locks in more than $100 billion of cloud spending by Anthropic on Amazon Web Services over the next decade.

Amazon is making an immediate investment of $5 billion, with up to $20 billion more tied to commercial milestones. This is on top of the $8 billion Amazon had already committed to Anthropic since 2023, bringing total potential Amazon investment to approximately $33 billion.

The structure of the ...