Nvidia is in talks to invest up to $10 billion in Anthropic's initial public offering, according to reporting from Reuters. The investment would value the AI company at around $2 trillion, according to the accounts.
The deal remains under negotiation and subject to change. Nvidia has been a major backer of AI infrastructure and software. Nvidia has invested in multiple AI software companies, though direct stakes in the largest AI labs remain limited. Anthropic, which launched in 2021, has raised roughly $7 billion in private funding to date, with backers including Google and Salesforce.
Anthropic builds Claude, a large language model that competes with OpenAI's GPT and other systems. The company has positioned itself as focused on AI safety and interpretability. A $2 trillion valuation would place Anthropic among the most valuable AI companies at debut, reflecting investor appetite for large foundation model makers.
The potential investment follows significant capital rounds for Anthropic in 2024 and early 2025. The company has attracted institutional capital from multiple sources across those periods.
If the $10 billion investment closes at a $2 trillion valuation, Nvidia would own roughly 0.5 percent of Anthropic. The figure would also represent about 1.3 percent of Nvidia's current market capitalization, a material but not dominant allocation.
The number that decides this deal is whether Nvidia and Anthropic finalize terms by the planned IPO date. Any material change in valuation or deal size would shift the ratio of Nvidia's ownership stake and its return profile on the investment.
