Nvidia in talks to invest $10B in Anthropic IPO

Nvidia is in discussions to invest up to $10 billion as an anchor investor in Anthropic's planned initial public offering, which could raise as much as $100 billion at a valuation near $2 trillion, according to people familiar with the matter. The potential investment would position the chipmaker as a key early backer for what could become the largest IPO in history, surpassing the record set by SpaceX in June. The talks, first reported by Reuters, are ongoing and the terms could change. Neither Nvidia nor Anthropic has confirmed the discussions. An anchor investor typically agrees to purchase a large block of shares before an IPO is offered more broadly, providing an early signal of institutional confidence. For Anthropic, securing Nvidia as an anchor could be particularly significant given the scale of the proposed offering. Anthropic filed its IPO confidentially in June and still needs to publish its prospectus. The company is reportedly aiming to go public ahead of the U.S. midterm elections in November, though the exact date remains undetermined.