Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Amazon.com Inc.'s investment in Anthropic is starting to look like far more than a strategic bet on a promising AI startup. The e-commerce giant holds $6.2 billion in outstanding convertible notes that could turn into equity when Anthropic goes public. But the debt's principal value is only part of the story: Amazon's own filings show that its Anthropic holdings have appreciated dramatically, creating a potentially massive financial windfall alongside a cloud-computing partnership worth billions. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market?
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