Reported about 9 hours ago
Alphabet and Amazon reported better-than-expected third-quarter profits, largely due to increased valuations of their investments in AI startup Anthropic. Alphabet's profit was enhanced by $10.7 billion from equity securities linked to Anthropic, while Amazon's profit jumped 38%, aided by a $9.5 billion pretax gain from its stake in the company. These financial boosts underscore the growing impact of generative AI investments on major corporations.
Source: YAHOO