Amazon Plans to Invest Up to $25 Billion More in Anthropic
The deal includes a $5 billion upfront commitment plus $20 billion tied to milestones, and requires Anthropic to spend $100 billion on AWS over the next decade.
Amazon has agreed to invest as much as $25 billion more in Anthropic, the artificial intelligence startup behind the Claude chatbot, in a deal that deepens one of the most consequential partnerships in the AI industry. The agreement, announced on April 20, includes an immediate $5 billion injection and up to an additional $20 billion contingent on Anthropic hitting specific commercial milestones.
The investment values Anthropic at $380 billion.
The deal comes with a sweeping counter-commitment: Anthropic has pledged to spend more than $100 billion on Amazon Web Services technologies over the next decade, including Amazon's custom Trainium AI chips. Amazon has been Anthropic's primary cloud and training partner since 2023, and the new agreement cements that relationship as both companies race to dominate enterprise AI.
Anthropic's annual revenue run rate has surpassed $30 billion, up from $9 billion at the end of 2025, fueled by explosive demand for its Claude coding and enterprise tools. CEO Dario Amodei said in a statement that the partnership with Amazon would allow the company to continue expanding to meet that demand.
Amazon CEO Andy Jassy framed the relationship as a demonstration of what custom silicon and close collaboration can produce.
The investment is part of a broader pattern of reciprocal megadeals reshaping the AI industry. Amazon is planning roughly $200 billion in capital expenditures this year, mostly directed at AI infrastructure.
Anthropic is also separately in discussions with both Google and Microsoft, having received previous investments from each. Both companies are eyeing potential initial public offerings this year as revenue growth accelerates.
Read the original reporting at CNBC.
