Anthropic-Lambda Cloud Deal, FTC Amazon Suit, and More Business Headlines
Anthropic signs a $35 billion cloud deal, FTC sues Amazon over ad pricing, and other top business stories.
A series of significant business and policy developments have emerged, touching on artificial intelligence infrastructure, e-commerce regulation, and political investments.
In a major move for AI computing, Anthropic has reportedly signed a cloud-computing agreement valued at $35 billion with Lambda, a cloud provider backed by Nvidia. The deal, which involves a data center in Texas, was confirmed by a source familiar with the matter.
Meanwhile, the U.S. Federal Trade Commission has filed a lawsuit against Amazon.com in federal court. The agency alleges that the e-commerce giant illegally raised prices for advertisers by quietly increasing the minimum bid required to place product-promoting ads.
In financial regulation, the Securities and Exchange Commission has intensified its examinations of firms managing special purpose vehicles that claim to offer exposure to private company investments, according to people familiar with the situation.
On the political front, the investment fund 1789 Capital, which counts Donald Trump Jr. as a partner, is investing approximately $300 million into Polymarket, a prediction market platform.
In trade-related news, Brazilian billionaire Joesley Batista, an owner of meatpacker JBS, met with U.S. President Donald Trump on August 20. The discussion reportedly centered on how additional beef imports from Brazil could help lower U.S. beef prices if the president were to remove a 26% import tax.
Finally, U.S. Army Secretary Dan Driscoll has submitted his resignation to the White House, following months of reported tension with Defense Secretary Pete Hegseth.