Nvidia is negotiating an investment of up to $10 billion in Anthropic's planned IPO, The Decoder reports, citing Reuters. With a target valuation of $2 trillion, the offering would be the largest IPO in history.
According to the source, a significant portion of the investment is likely to return to Nvidia through chip orders. The agreement itself has not yet been confirmed as concluded, and the information is presented in a synopsis format.
For the market this ties interest in Anthropic's public offering to competition for computing power. However, details of the deal, its terms, and the company's final valuation remain open questions.
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Why it matters
If talks culminate in a deal, the next observable signal will be the official IPO terms or a statement from the parties. A potential consequence is a closer link between Anthropic's funding and demand for Nvidia chips, but the size of the investment, whether the offering occurs, and the final valuation remain uncertain.