Alphabet, Amazon Book $151 Billion Q2 Gains From Anthropic Stakes Ahead of IPO

3 articles · Updated · The Motley Fool · Sep 5

$151 billion in combined Q2 gains tied to Anthropic helped lift Alphabet and Amazon results, with Alphabet citing $98 billion in unrealized equity gains and Amazon reporting $53.4 billion in other income primarily from Anthropic.
Anthropic's soaring valuation drove the windfall: the AI company was valued at $965 billion in a recent Series H round after being pegged at $380 billion in April, with an IPO rumored as early as next month.
Amazon has committed $33 billion to Anthropic so far and promised up to $20 billion more if milestones are met; Alphabet has pledged up to $40 billion, including a $10 billion upfront investment.
The stakes also deepen cloud ties, with Anthropic planning to spend more than $100 billion on AWS over the next decade and reportedly committing $200 billion to support Google Cloud.
For public-market investors shut out of Anthropic before its listing, Alphabet and Amazon offer indirect exposure that is already boosting profits and cloud demand.