Anthropic's IPO: Amazon and Google Set to Gain Billions

Anthropic is preparing for an IPO, with venture capital firms like Menlo Ventures and Sequoia expected to earn billions despite holding less than 5% stakes. Amazon is positioned as the largest financial beneficiary, with investments totaling approximately $18 billion, including $6.2 billion in convertible notes and $10 billion in nonvoting preferred stock. Google also stands to benefit significantly from its stake and cloud commitments with Anthropic.