Nvidia Weighs $10 Billion Bet on Anthropic's Record-Breaking IPO

Nvidia is in talks to invest up to $10 billion in Anthropic's planned initial public offering (IPO), which could value the AI startup at around $2 trillion. This investment would make Nvidia a major shareholder of Anthropic, one of its key customers, and give it a direct financial stake in the company's growth.

Anthropic is seeking to raise as much as $100 billion through the IPO, which would dwarf most traditional technology listings. The company has emerged as a leading competitor in the generative AI industry, alongside OpenAI and Google, and its valuation has risen sharply due to accelerating demand for AI models and computing capacity.

Anthropic's rapid growth is evident in its annualized revenue run rate, which has expanded from $9 billion in 2025 to over $65 billion by the middle of 2026. The company projects this figure could reach as much as $200 billion by 2028.