Anthropic's $965B valuation set to make Amazon's $18B investment look tiny

anthropic's ipo is set to make huge gains for investors, with a $965b private valuation. however, amazon's $18b investment could yield a much larger return, with a potential $97.9b gain. amazon structured much of its investment as convertible notes, which could convert into as many as 1.84b shares. google also stands to benefit greatly from anthropic's ipo and cloud deals, with at least $114b in cloud commitments. this could signal a major shift in the ai industry, with tech giants poised to benefit most.