Anthropic closed a funding round, boosting Amazon, its strategic partner, and valuing the company at $183 billion. Amazon has been seen as lagging in AI compared to Microsoft and Alphabet. Amazon’s AI efforts include Amazon Bedrock, Nova, and AI chips. The $8 billion investment in Anthropic seems to be paying off as the company’s valuation soars.

In a funding round, Anthropic’s valuation tripled to $183 billion, making it a top challenger to OpenAI. The company raised $13 billion led by Iconiq Capital and is set to spend on AI infrastructure from AWS. Anthropic’s growth rate is impressive, with potential spending of $5 billion on AWS next year.

Amazon’s bet on Anthropic seems to be a smart move, as the company benefits from the AI boom. While Amazon may have been slow in AI, it still dominates cloud infrastructure. The partnership with Anthropic could help Amazon gain more AI spending at AWS. Investors are urged to consider other stock options for potential high returns.

The latest funding round for Anthropic shows the early stages of the AI boom, benefiting both the company and Amazon. Amazon, despite starting slow in AI, has various outlets for the technology. With Anthropic’s valuation soaring, Amazon’s investment in the company looks promising for future AI endeavors.

Read more at Nasdaq: Anthropic’s $183 Billion Valuation Could Add Fuel to Amazon’s AI Ambitions