Amazon's Stake in Anthropic Is Now Big Enough to Move Its Earnings. Here's How That Compares to Alphabet's Stake in SpaceX.
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Amazon's Stake in Anthropic Is Now Big Enough to Move Its Earnings. Here's How That Compares to Alphabet's Stake in SpaceX.
Amazon and Alphabet are benefiting from their massive investments in AI and space companies, but those investments come with greater exposure to private-market valuations and liquidity constraints.
Technology giants such as Amazon and Alphabet have boosted the stock market to record levels in recent years, fueled by the growth of their artificial intelligence and cloud computing businesses. But, in recent months, an important source of profits from these two companies came from an unusual source: the valorization of their equity interests in artificial intelligence companies.
Now that’s circular: The profit boom at tech companies like Amazon and Alphabet comes from investments in AI companies
Tech giants like Amazon (AMZN) and Alphabet (GOOG) have powered the stock market to record highs. But in recent months, a big driver of those two companies’ profits came from an unusual source: The increasing value of their investment stakes in artificial intelligence companies, according to a really important piece (in my opinion) by Joe Rennison in the New York Times on August 14. "Over 70% of Alphabet’s net quarterly income came from investme…
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