The new deal values Anthropic at $350 billion, with the investment potentially expanding to $20 billion over the coming years.

The move is part of a strategic partnership between Amazon and Anthropic focused on developing generative AI and expanding the use of Amazon's Trainium and Graviton chips to run advanced AI models.

Among the key points of the deal, Anthropic will spend more than $100 billion on Amazon Web Services over the next decade.

The company will gain access to up to five gigawatts of computing capacity to train its models, reflecting the scale of demand for AI infrastructure.

The Qatar Investment Authority was a major participant in an earlier $13 billion funding round. The UAE's MGX is in talks to participate in the new round, which could exceed $20 billion.

The investment strengthens the Gulf's position as a major center in the global race to build large data centers and develop AI chips.

The deal underscores the growing role of the partnership between Amazon and Gulf investors in the global AI industry, particularly as infrastructure projects expand in the UAE, Saudi Arabia, and Qatar.