Anthropic Eyes Record $100 Billion IPO As Nvidia Considers $10 Billion Investment

Artificial intelligence company Anthropic is reportedly considering a record-breaking $100 billion initial public offering (IPO), potentially valuing the company at nearly $2 trillion, according to Reuters. Nvidia is contemplating an investment of up to $10 billion in Anthropic, which could bolster the startup's IPO prospects. An anchor investor such as Nvidia, which would purchase shares before the IPO opens to broader investors, can enhance market confidence in large fundraising endeavors.

Nvidia's involvement would strengthen the already existing relationship between the two companies. Anthropic currently relies on Nvidia's graphics processing units (GPUs) to develop and operate its artificial intelligence models. However, the AI startup has been broadening its network of computing partners to accommodate the increasing demand for its Claude AI systems.

In November 2025, Nvidia pledged to invest $10 billion in Anthropic as part of a broader collaboration. Furthermore, Anthropic committed to purchasing $30 billion worth of Microsoft Azure computing capacity supported by Nvidia chips.

To meet the rising demand for AI services, Anthropic has secured significant computing commitments. The company plans to invest over $100 billion over a decade in Amazon Web Services infrastructure and utilize over one million Amazon Trainium2 chips. Anthropic has also partnered with Google and Broadcom to expand its computing capacity using Google’s artificial intelligence chips. Moreover, the company is in the process of building an internal team dedicated to designing custom chips for its Claude models.

The potential IPO would mark a substantial increase in Anthropic's valuation. In May, the company raised $65 billion at a valuation of $965 billion. By July, its annualized revenue run rate had reached $65 billion, up from about $9 billion at the end of 2025, indicating the rapid growth of the AI sector.