Amazon profit to exceed $100B if Anthropic IPO occurs

The author argues that if Anthropic lists before the end of the year, Amazon could book well over $100 billion in pre-tax profit on an $8 billion investment. Documents indicate that Amazon holds convertible notes valued at roughly $146 billion by September 30, with a $140 billion unrealized gain. The notes are expected to convert just before the initial public offering. Open article →