Amazon was an early investor in Anthropic, the company behind Claude, and put $13 billion in with the option to invest $20 billion more. That $13 billion stake is now worth much more, given that Anthropic is considering going public at a valuation of around $1 trillion.

Internal documents show Amazon worked to lower Alexa+ AI costs by reducing the use of Anthropic models and getting more work from every GPU.

In the coming weeks, Claude will be available with in-country inference in India through Amazon Bedrock. The move is expected to help IPO-bound Anthropic to expand enterprise adoption in India.

The AI IPO wave of 2026 continues to produce outsized winners among the corporations that backed it, instead of just those going public. SpaceX’s record-breaking debut earlier this year provided a windfall for its backers.

Amazon shares surged in after-hours trading Thursday after the tech giant posted its first $200 billion quarter and beat Wall Street expectations with its financial results. Growth in advertising and AWS keyed the performance,