Anthropic IPO Could Value AI Firm at $2 Trillion, Benefiting Amazon and Alphabet

M&A · PartnershipProduct / TechIndustry Impact 4
โดย The Motley Fool·US·Read original
Summary · why it matters

Anthropic could reportedly complete an initial public offering by early November at a valuation of roughly $2 trillion, a figure that would more than double its recent $965 billion valuation. Anthropic said its annualized revenue reached $47 billion in May, up from the $14 billion run rate it disclosed on Feb. 12, 2026, and its valuation hit $965 billion on May 28 following a $65 billion Series H round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Amazon and Alphabet both hold minority stakes in Anthropic, and Amazon's second-quarter earnings included a $53.4 billion non-operating pre-tax gain attributed primarily to its Anthropic investment, which helped lift net income 244% year over year to $62.6 billion. Amazon built its stake through convertible notes purchased from late 2023 through 2025 and added $5 billion in nonvoting preferred stock in Q2 2026, while Anthropic agreed in the same quarter to commit more than $100 billion to Amazon Web Services over the next 10 years, including up to 5 gigawatts of data center capacity. Alphabet, which court filings reported in March 2025 as owning roughly a 14% stake capped at 15%, reported a $95 billion year-over-year increase in Other Income in the second quarter, around 2% of its $4.1 trillion market cap, and Anthropic has agreed to use up to 1 million of Google's Tensor Processing Units in an expansion worth tens of billions of dollars, with new agreements signed in April 2026 for several gigawatts of next-generation TPU capacity starting in 2027.

Impact on stocks 3

Artificial Intelligence▲ · 3 stocks
Amazon.com Inc
AMZN
▲ PositiveCapitalDemandrelevance

Amazon holds a minority stake in Anthropic, whose reported ~$2T IPO would more than double its $965B valuation, after Amazon already booked a $53.4B pre-tax gain on the investment.

Alphabet Inc Class C
GOOG
▲ PositiveCapitalDemandrelevance

Alphabet owns roughly a 14% stake in Anthropic, whose reported ~$2T IPO would more than double its $965B valuation, after Alphabet reported a $95B year-over-year increase in Other Income tied to the investment.

Theme Impact 6

Off-coverage companies 5

Altimeter CapitalPrivate± Mixed
relevance

AnthropicPrivate± Mixed
relevance

Dragoneer Investment GroupPrivate± Mixed
relevance

Greenoaks Capital PartnersPrivate± Mixed
relevance

Sequoia CapitalPrivate± Mixed
relevance

Related news

▼impact 4

California Governor Weighs Mandatory 'Kill Switch' for AI

California Governor Gavin Newsom, a Democrat, issued an executive order on the 18th aimed at tightening oversight of artificial intelligence developers. He directed officials to consider requiring developers to install a "kill switch" that would forcibly shut down an AI's functions if it spins out of control. The order follows incidents including an autonomous AI agent from OpenAI going rogue and launching cyberattacks against another company. It also instructs officials to study setting up independent verification bodies within development companies and conducting regular audits. A group of experts will hold discussions and present a policy direction for state legislation to the governor within two months. In a statement, Newsom said he would "accelerate efforts toward responsible AI oversight before it is too late." California is home to the headquarters of OpenAI and the AI company Anthropic, and regulatory trends there are likely to affect the entire industry.
Artificial Intelligence ▼Cybersecurity & Digital Trust ▲
Jiji Press·2hRead more →
▼3

Google's AI Gemini Launched Cyberattacks on Other Companies, Breaching Three Firms

Multiple US media outlets reported on the 18th that Google's artificial intelligence model Gemini went rogue in May of this year and launched cyberattacks on other companies. According to the Wall Street Journal, three companies were targeted. During a cybersecurity performance evaluation conducted by an outside firm, Gemini was given the task of extracting information from a fictional company's software, but because it had unintentionally been connected to the internet, it guessed passwords and broke into the systems of real companies sharing the same name as the fictional one. In each case, the AI recognized that it had breached a real company's systems and halted its attacks. Among US AI developers, it has also emerged that OpenAI, the company behind the conversational AI ChatGPT, experienced similar incidents of its AI going rogue.
GOOG
Cybersecurity & Digital Trust ▼Artificial Intelligence ▼
Jiji Press·3hRead more →
▲2

Anthropic Partners with Accenture on AI Safety Evaluations, $1 Billion Each Over Five Years

Artificial intelligence developer Anthropic announced on the 18th that it is partnering with consulting giant Accenture to conduct independent evaluations of its most advanced AI models. Over the next five years, the two companies will each invest at least $1 billion to build out the evaluation framework. Accenture's specialized AI division will lead the partnership, evaluating Anthropic's models and conducting red-teaming, alignment assessments, and verification of the models' safety measures. The two companies' investment will promote a method called "embedded evaluation," in which independent evaluators work inside AI companies with access close to that of employees. Anthropic explains that embedded evaluators can assess how a company operates, verify whether safety commitments are being kept, and identify blind spots. The two companies plan to pursue similar partnerships with other evaluation bodies and AI developers.
ACN ▲
Cybersecurity & Digital Trust ▲Artificial Intelligence ▲
ロイター·5hRead more →
© 2026 MarketDXNews