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Amazon Stock Jumps On Expanded Deal With Anthropic [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Amazon Expands Collaboration With Anthropic Amazon announced Anthropic is committed to spending more than $100 billion on Amazon Web Services technology over the next 10 years to secure five gigawatts (GW) of capacity to train and power the company's advanced AI models. The deal includes Trainium3 capacity, which is expected to come online this year. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast Separately, Amazon bolstered its investment in Anthropic with $5 billion invested and up to an additional $20 billion tied to commercial milestones. The investment adds to the $8 billion Amazon previously invested in Anthropic in 2024. "Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it's in such hot demand,” said Andy Jassy , CEO of Amazon. “Anthropic's commitment to run its
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