Alphabet, Amazon see higher profits from rising value of Anthropic stakes

17 hours ago 1
OpenAI ChatGPT, Anthropic Claude and Perplexity mobile APP icons on screen. Assorted AI chatbots

Robert Way

Both Alphabet (GOOG) (GOOGL) and Amazon.com (AMZN) last month reported stronger-than-expected third-quarter earnings, helped by surging valuations of their investments in Anthropic, the artificial intelligence startup behind the Claude chatbot.

Alphabet (GOOG) (GOOGL) said it recorded $10.7 billion

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