Nvidia Puts Its Weight Behind Anthropic's Record-Breaking IPO Bid

Nvidia's potential investment in Anthropic's IPO is making headlines as it could reach $10 billion. This significant backing would help the AI company achieve its ambitious goal of raising up to $100 billion at a valuation near $2 trillion, potentially surpassing SpaceX's record set in June.

The chipmaker, Nvidia, has been in talks with Anthropic about providing the substantial funding. While neither party has confirmed these figures, Reuters reported on Friday that the discussions are ongoing. If successful, this would be one of the largest IPOs in history, beating both SpaceX's $75 billion raise and its valuation of approximately $1.8 trillion.

The stock market debut is expected to happen before the November midterm elections. To achieve such a massive valuation, Anthropic needs to clear both marks, raising at least $100 billion and valuing itself at over $2 trillion. The record falls if the deal prices as reported, which would be a significant milestone.