VCs will make billions on Anthropic's IPO, but Amazon is set to make much (much) more
Reports#Conversion & CRO••3 min read

VCs will make billions on Anthropic's IPO, but Amazon is set to make much (much) more

Summary

Massive note conversions reveal the true extent of Amazon's ownership in Anthropic.

Key points

  • • Instead of taking stock upfront, Amazon structured much of its investment as convertible notes, a type of debt that converts into shares upon an IPO or sale.
  • • Amazon first backed Anthropic in 2023 with a commitment to invest up to $4 billion in the software company.
  • • Beyond its stock gains, Amazon will also continue to earn significant revenue from Anthropic, which has committed to spend at least $110 billion on AWS over the next 10 years.

Source: TechCrunch AI. This is an automatic extract of an article published by another outlet, not Zebeh's own reporting. Read the original for the full story and context.

Read the original on TechCrunch AI
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