Nvidia Weighs $10 Billion Stake in Anthropic Ahead of IPO

Nvidia is reportedly weighing an investment of as much as $10 billion in Anthropic, a wager that would link the chipmaker to the artificial intelligence developer's planned stock market debut. The listing is said to value the company at about $2.3 trillion.

The potential commitment fits a pattern Nvidia has followed as demand for AI computing has surged. The company has backed several model developers and infrastructure firms in recent years, and a stake in Anthropic would extend that approach to one of the leading names in frontier AI, maker of the Claude family of models.

For Anthropic, Nvidia's involvement could carry weight with investors ahead of a listing at a scale rarely seen. Chip suppliers and model builders have grown increasingly dependent on one another, and such tie-ups often translate into orders for processors and data-center capacity. A debut of that size would test market appetite for AI-linked shares.

No terms have been finalized, and talks could still change or collapse. Any completed transaction would likely draw regulatory attention, given the growing concentration of capital and computing power in the AI sector.