Amazon details Anthropic investment as convertible financing

11 articles · Updated · The Information · Apr 30

A Thursday filing said Anthropic can draw on the up to $20 billion facility as Amazon meets compute milestones, receiving cash in exchange for convertible notes.
The facility expires 30 months after an Anthropic IPO or direct listing, and Amazon may invest another $5 billion in future financings within the overall cap.
Amazon also amended its commercial agreement with Anthropic, which has committed to buy billions of dollars of AWS chips and cloud services, amid contractual obligations tied to chip performance.

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