VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more

VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more

Massive note conversions reveal the true extent of Amazon's ownership in Anthropic.

techcrunch.com/2026/10/27/vcs-will-make-billions-on-anthropics-ipo-but-amazon-is-set-to-make-much-much-more/