Nvidia in Talks to be Anchor Investor in Anthropic Mega IPO

Anthropic is in negotiations to have Nvidia serve as an anchor investor in what could be the largest initial public offering in history. According to sources, Anthropic seeks to raise up to 100 billion US dollars, which could value the artificial intelligence startup at approximately 2 trillion US dollars. Nvidia is considering an investment of up to 10 billion US dollars in the IPO. These plans remain under discussion and are subject to change. Both Anthropic and Nvidia declined to comment or did not respond immediately to requests for comment.

An anchor investor is typically an institutional investor that commits to buying a specific portion of an IPO before it is offered to the wider market. This move would deepen the ties between the chip manufacturer and one of its primary customers. Anthropic relies heavily on Nvidia GPUs but is also attempting to diversify its chip suppliers to meet the computational demands of its Claude AI. The company is also forming an internal team to design custom chips for Claude to gain better control over hardware costs.

Anthropic already has major technology companies among its investors, including Amazon and Google. In April, Anthropic stated it would allocate over 100 billion US dollars to Amazon Web Services over a decade. The company has also reached agreements with Google and Broadcom for TPU capacity. The listing is expected to be completed before the US midterm elections in November. This would mark a significant increase in valuation from May, when the company raised 65 billion US dollars at a post investment valuation of 965 billion US dollars. The company reported that its annualized revenue exceeded 65 billion US dollars at the end of July.