Nvidia considers $10 billion investment ahead of potential Anthropic IPO

Anthropic and Nvidia hold early talks on potential huge financing

According to Reuters, Anthropic is currently in early stages of discussions with Nvidia about a huge financing round that could be the largest initial public offering (IPO) in Rival's history. According to people familiar with the matter, the talks include the possibility of Nvidia investing approximately US$10 billion.

Reuters quoted sources familiar with the situation as saying on Saturday that Anthropic may aim to raise up to $100 billion through the offering. If this goal is achieved, the company's valuation will reach approximately US$2 trillion. Sources pointed out that negotiations are still in progress and the final outcome may change. Because the conversation was confidential, both sides remained silent.

Key Points

• Reuters reported that Anthropic is discussing a deal with Nvidia that could include an investment of about US$10 billion.
• Reuters mentioned a potential IPO fundraising target of up to US$100 billion, which means the company's valuation is close to US$2 trillion.
• If carried out in a structure arranged by early supporters, Nvidia's participation will not only support the round, but will also deepen its relationships with key customers.
• The broader AI competition has extended to areas such as chips, model ecosystems and developer tools, which are areas of business that Nvidia is actively expanding.

Why Nvidia's potential role is crucial

Although IPO participation is usually purely financial in nature, Nvidia's interest may reportedly carry strategic weight. Reuters pointed out that Nvidia may step in as an early strategic backer-an approach that often helps issuers gain stronger investor confidence and pave the way for a large-scale listing.

From Nvidia's perspective, Anthropic is a high-profile AI customer. Reuters reports suggest that the discussions may be a way for Nvidia to support major capital fundraising and strengthen business ties with companies seen as core to cutting-edge AI development.

Funding goals to reshape the IPO landscape

Reuters described the size of the potential offering as "extraordinary": up to $100 billion, with a possible valuation of Anthropic at about $2 trillion. Whether this size is feasible depends on market conditions and the final structure of the deal, including investor demand and how much money is actually raised through new share offerings rather than other components of the deal.

Still, the reported numbers highlight how quickly the market has adapted to the "super-round" expectations of leading AI companies. As a major player in cutting-edge models, Anthropic is about to enter a public market environment where investors 'appetite for AI-related exposure has been shaped by years of capital inflows and competition for computing resources.

Background: Nvidia's advancement in AI full stack layout

Nvidia's story with Anthropic follows Nvidia's attempt to expand its business beyond its hardware influence. Earlier this month, media reported that Nvidia agreed to acquire Hugging Face for $12.9 billion, a move aimed at expanding Nvidia's influence in AI software and the tools developers use to build and deploy models.

reported that Hugging Face serves more than 18 million developers and hosts more than 3 million models, citing Nvidia CEO Renxun Huang. The acquisition will give Nvidia control of a major AI model platform as companies increasingly compete for chips, software and developer ecosystems.

This background is important because Nvidia's potential shareholder role in Anthropic can be seen as another link of the same larger strategy: connecting basic computing (chips), model development and deployment infrastructure (model and developer platforms), and high-impact cutting-edge model providers.

Deals around computing power highlight demand

Nvidia's potential partnership with Anthropic is also consistent with a broader AI infrastructure contract model. It has been previously reported that bitcoin miner Riot Platforms has reached a 20-year agreement with a "leading cutting-edge AI company" to provide 191 megawatts of computing power to its Rockdale, Texas campus.

It is reported that the customer is Anthropic. Bloomberg reports show the deal is worth approximately $9 billion. Such agreements reflect how aggressively AI builders and computing providers are locking in long-term supplies as demand for improved processing capabilities continues to increase.

Against this background, Anthropic's IPO at a valuation of nearly $2 trillion is not just a financial event-it will be one of the clearest public signals yet of how much capital the market believes cutting-edge AI companies need, and how important investors are to their pricing.

At present, the key unknown is how these negotiations will end: Reuters reports neither determine the final financing amount nor whether Nvidia's role will be implemented as described. Investors and observers will pay close attention to company confirmations, more detailed trading terms, and how the market's appetite for large AI IPOs will evolve as discussions move from negotiations to formal declarations.