Amazon (AMZN) Eyes New Multibillion-Dollar Investment in Anthropic
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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.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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