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(Bloomberg) -- OpenAI rival Anthropic is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?Lightspeed Venture Partners is leading the...

Anthropic, the Amazon -backed artificial-intelligence start-up, is in talks to raise $2 billion in a deal that would value it at $60 billion, according to people familiar with the matter. Venture-capital firm Lightspeed Venture Partners is leading the funding round, the Wall Street Journal first reported, noting that the $60 billion valuation includes the money Anthropic plans to raise in the round. Anthropic was founded in 2021 by Dario and Daniela Amodei...

Loop Capital analyst Rob Sanderson, who rates Amazon stock at Buy, offered a few reasons for optimism...

Rational Equity Armor Fund portfolio manager Joe Tigay joins Seana Smith and Madison Mills on Catalysts to outline his three stock picks that could gain under Trump's second term in the White House: Tesla (TSLA), Amazon (AMZN), and Palantir (PLTR). Tigay notes that Tesla is a leader in the world of electric vehicles (EVs) and is likely to receive favorable treatment from the new presidential administration. This may be bolstered by the fact that reduced EV spending overall is anticipated under Trump 2.0, positioning Tesla to be the winner of the sector. Beyond Tesla's EVs, Tigay highlights the company's battery sector as a promising revenue stream in the future. "I think that's going to be a big player going forward in the next four years," he says. , among other signs that Bezos has been fostering an amicable relationship with the president-elect. These moves note a shift from the historical feud between Bezos and Trump.Amazon is another one of Tigay's top picks, partly due to Jeff Bezos' recent financial support of Trumphttps://finance.yahoo.com... "It seems like Amazon, this time around, is attempting to be on more favorable conditions," Tigay explains. "In general, Amazon wants to have a favorable relationship with this administration because there's big money to be had, specifically in the cloud services." He adds that Amazon may be better positioned for upcoming tariffs and expected tax reductions. Tigay's third top pick is Palantir, which he describes as "the software innovation of the AI world." The company had a significant run-up after the election, receives a lot of government business, and has the right products to "put AI to work." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan...

SEATTLE, January 07, 2025--Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Honda Motor Company is collaborating with AWS to transition the company’s automobiles from hardware-based into software-defined vehicles (SDVs). The Japanese automaker will use its Digital Proving Ground (DPG) platform, a vehicle development environment built on AWS, to help build SDVs. By combining AWS compute, generative artificial intelligence (AI), and Internet of Thin...

Investing.com -- Mexico’s newly announced import tariffs could boost local competitiveness for e-commerce giants Amazon.com Inc (NASDAQ:AMZN) and MercadoLibre Inc (NASDAQ:MELI) while creating headwinds for Asian rivals like Shein and Temu...

Allspring Global Investments senior portfolio manager Bryant VanCronkhite joins Brad Smith on Wealth to discuss his top investment outlooks and share the biggest market risks for 2025. VanCronkhite warns of investor "complacency" in 2025, particularly regarding the Magnificent Seven tech stocks. While acknowledging their "tremendous" returns, he cautions, "That's a risk because the market is broadening out right now." He explains, "We don't want to pay as much of a multiple for companies that are growing slower, which is the Mag Seven, compared to the broader market, which is the Russell 2000 (^RUT) and the Russell mid-cap stocks." VanCronkhite advises investors to be strategic. "That doesn't mean sell it; it doesn't mean leave. Just be careful about staying too long. Rotate down," he tells Yahoo Finance. Regarding sector opportunities, VanCronkhite expresses caution about the banking sector, describing it as "nerve-racking" despite market optimism. Instead, he points to materials and healthcare as sectors with attractive valuations that could outperform in 2025. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith...

Amazon (AMZN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report...

With Ark Invest ending 2024 on a strong note, the aggressive growth icon is hoping to build on that momentum in 2025...

Loop Capital Reaffirms "Buy" Rating for Amazon, Sets $275 Target...