Nvidia may invest up to $10 billion in Anthropic’s potentially record-breaking IPO

Nvidia is in talks to invest up to $10 billion in Anthropic’s planned IPO, according to Reuters, potentially joining as an anchor investor—a large early buyer whose commitment can help set the tone for other investors. Anthropic, the maker of Claude, is reportedly seeking to raise as much as $100 billion at about a $2 trillion valuation, a scale that could make the offering the largest ever. The talks are not final, and those targets could change. But the potential deal shows how tightly the AI boom’s two sides are becoming connected: Anthropic needs enormous amounts of Nvidia computing hardware to build and run its models, while Nvidia would be financing one of the companies buying that capacity.