Nvidia Weighs Record Investment in Anthropic's Historic IPO Bid

Nvidia is in talks to invest up to $10 billion in Anthropic's massive IPO, which could be one of the largest in history. The AI startup is seeking to raise as much as $100 billion, valuing it at around $2 trillion.

Anthropic already counts big tech companies like Amazon and Google as backers and suppliers, but Nvidia's involvement would give the company a strategic early investor. Bringing a deep-pocketed anchor investor like Nvidia on board could boost investor confidence in the listing.

The listing is expected to complete before the US midterm elections in November and would mark another jump in Anthropic's valuation. The company has seen its revenue surge, with an annualised revenue run rate of over $65 billion by the end of July, up from about $9 billion at the end of 2025.