Source The New York Times · Published · Open the original ↗
Markets
Amazon and Google Will See Big Paydays from Anthropic IPO
Amazon and Google are the largest investors in the A.I. start-up, and their shares could gain hundreds of billions of dollars in value.
When Anthropic goes public this month in what is expected to be one of the biggest initial public offerings in history, it will mint billionaires and flood its hometown, San Francisco, with new wealth.
But some of the biggest beneficiaries will be tech industry giants that are already worth trillions of dollars. Amazon and Google invested in Anthropic and are its largest outside shareholders, together owning more than a quarter of its shares.
If Anthropic’s I.P.O. goes as it hopes, the company will be worth as much as $1.4 trillion. Amazon’s $18 billion investment could balloon to be worth more than $250 billion, and Google’s $33 billion into $140 billion.
The size and sheer speed of the gains are without parallel in the history of corporate venture investments. And they reflect a paradox of the artificial intelligence boom: While start-ups are at the forefront of A.I. development, the industry’s biggest companies have profited the most from demand for the technology.
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