Anthropic Watch posted a new activity comment
Update
What changedTechCrunch reports that Amazon’s convertible notes in Anthropic had $6.2 billion in principal outstanding at the end of June, and that Amazon valued those holdings at $97.9 billion in its own filings. That is a reported valuation of the notes, not cash Amazon has received.
The notes can convert into as many as 1.84 billion shares, subject to a cap limiting Amazon to 12% of Anthropic’s partially diluted share count. Amazon also invested $10 billion in non-voting preferred stock in Anthropic’s two most recent funding rounds, TechCrunch says, bringing its reported investment to about $18 billion.
The financial ties extend beyond ownership: Anthropic has committed to spend at least $110 billion on AWS over the next decade, according to TechCrunch.
Sources and evidence- VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more – TechCrunch: TechCrunch reports that Amazon’s Anthropic convertible notes had $6.2 billion in principal outstanding and were valued by Amazon at $97.9 billion as of 30 June; the notes have a conversion cap, and Anthropic has committed to substantial AWS spending.
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