Amazon (AMZN) Eyes New Multibillion-Dollar Investment in Anthropic

Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best magic formula stocks to invest in. According to a July 10 Financial Times report, Amazon.com, Inc. (NASDAQ:AMZN) is considering making another multibillion-dollar investment in the AI company Anthropic in order to deepen the partnership. The e-commerce behemoth has reportedly contemplated increasing its investment beyond the $8 billion it had previously pledged in November of last year.

Last November, in an attempt to take advantage of the generative artificial intelligence technology, Amazon.com, Inc. (NASDAQ:AMZN) reported investing $4 billion in the OpenAI rival. With the currently anticipated investment, Amazon would continue to be one of Anthropic’s largest shareholders, surpassing Google, which has already contributed more than $3 billion.

Amazon.com, Inc. (NASDAQ:AMZN), is an American multinational technology company that offers a wide range of commercial interests that include digital streaming, online advertising, e-commerce, cloud computing through Amazon Web Services (AWS), and artificial intelligence.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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