Anthropic is in talks to bring Nvidia in as an anchor investor for what could be the largest IPO in history. Anthropic is seeking to raise as much as $100 billion, which could value the artificial intelligence startup at around $2 trillion. Nvidia is considering investing up to $10 billion in the IPO, though the plans remain under discussion and could change.
Nvidia’s potential involvement in the IPO would give Anthropic an early strategic backer for the outsized offering. It will further deepen ties between the chipmaker and one of its major customers. Bringing a deep-pocketed anchor investor like Nvidia onboard could boost investor confidence in the listing, which is shaping up to be a major test of public-market appetite for the enormous valuations and capital requirements of frontier AI labs.
Anthropic relies heavily on Nvidia GPUs, while also seeking to diversify its chip suppliers as demand for Claude has strained its available computing capacity, opens new tab.
Anchor investors are typically institutional investors that commit to buy a set portion of an IPO before it is marketed more broadly, providing an early vote of confidence in the shares. It is increasingly common for mega IPOs to line up early institutional commitments, given the large amounts they seek to raise.
Chip designer Arm’s anchor investors included Nvidia and Amazon, while Saudi Arabia’s PIF was among SpaceX’s anchor investors.
