Nvidia in talks to invest up to $10 billion in Anthropic's IPO

Anthropic, an artificial‑intelligence start‑up, is in discussions to bring Nvidia onto its upcoming initial public offering as an anchor investor. The company is reportedly seeking to raise as much as US$100 billion, a move that could value Anthropic at roughly US$2 trillion.

Nvidia is said to be considering an investment of up to US$10 billion in the offering. If the chipmaker becomes an anchor investor, it would provide Anthropic with a deep‑pocketed strategic backer and could bolster confidence among other potential investors.

The proposed IPO would be one of the largest ever attempted, and the involvement of a major customer such as Nvidia would deepen the existing relationship between the two firms. Anchor investors typically commit to purchase a defined portion of shares before the broader market is approached, offering an early vote of confidence in the listing.

Both companies have declined to comment on the negotiations. The discussions remain confidential, and the terms could change as the process moves forward.

Analysts note that securing a high‑profile anchor investor like Nvidia could be crucial for testing public‑market appetite for the sizable valuations and capital requirements associated with frontier AI laboratories.