Nov 10 (Reuters) - Amazon and Google's stakes in Anthropic could be worth a combined $411 billion if the AI company prices its initial public offering at the top of its proposed range, according to Reuters calculations based on a filing.
The figures show how much early bets by the two cloud giants have grown. They have put money into Anthropic while also selling it the computing power it needs to build its AI models.
Here is what each company put in and what it could be worth:
Investor What they Amount Value at
bought invested $78/shr
Amazon Loans $18.0 bln $271.8
(2023–25) and bln
shares (April,
May 2026)
Google Loans $33.3 bln $139 bln
(2023–25),
shares (March,
May 2026) and
private
placement
VALUE OF PRIVATE FUNDING ROUNDS JUMPS
Round When Amount Value at
raised $78/shr
Series A Early round $0.13 bln $37.9 bln
Series B Early round $0.98 bln $68.2 bln
Series C 2023 $0.45 bln $31.0 bln
Series D 2024 $1.32 bln $36.7 bln
Series E-1 Early 2025 $3.57 bln $49.6 bln
Series F-1 Aug–Sep $13.0 bln $71.9 bln
2025
Series G-1 Jan–Feb $23.5 bln $70.6 bln
2026
Series G-2 Q1 2026 $6.7 bln $20.3 bln
(other
buyers)
Series H May–Jun $65.2 bln $86.4 bln
2026
PRIVATE PLACEMENT AT IPO
Investor Amount Stake from Other ties
this purchase disclosed in the
at $78/shr filing
Google $10.0 bln 0.98% Counts toward
Google's existing
2026 funding deal
Nvidia $10.0 bln 0.98% None disclosed
AMD $2.5 bln 0.25% Counts toward
AMD's $5 bln
stock-purchase
pledge; up to
$2.5 bln more
tied to chip
deliveries
Broadcom $1.0 bln 0.10% Can lend up to
$42 bln to fund
data-center
leases
Microsoft $1.0 bln 0.10% Anthropic has
committed to
spend at least
$47.2 bln on
Microsoft
computing through
2033
Micron $1.0 bln 0.10% None disclosed
TSMC $0.5 bln 0.05% None disclosed
Total $26.0 bln 2.55%
(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)
