Nvidia Weighs $10B Investment as Anthropic IPO Markets Near Record

Anthropic is reportedly in discussions with Nvidia about a potential $10 billion investment that could help shape what Reuters called a potential “mega IPO” for the AI company. According to Reuters, citing people familiar with the matter, the talks are still fluid and the figures being discussed could materially reshape the size—and potential valuation—of any public debut.

Reuters also reports that Anthropic is seeking to raise as much as $100 billion in the offering, which could value the company at around $2 trillion. The individuals described the negotiations as confidential and asked not to be identified, and Reuters said Anthropic declined to comment while Nvidia had not yet responded to a request for comment.

Key takeaways

• Reuters reports Anthropic is discussing a possible $10 billion Nvidia investment tied to a potentially massive IPO.
• The offering size under discussion could reach up to $100 billion, implying an around $2 trillion valuation target.
• Talks remain ongoing and could change, with neither Anthropic nor Nvidia providing comment.
• The rumored move fits a broader strategy in which chip makers seek influence not just over compute, but also AI platforms and customers.

Why a potential Nvidia-Anthropic deal matters

If the reported discussions result in participation by Nvidia—potentially as an early strategic backer—it would strengthen more than just Anthropic’s funding prospects. Strategic investors often have outsized influence in how companies position their technology and partnerships, especially in fast-moving AI supply chains where chips, infrastructure, model ecosystems, and developer tools can be just as important as model performance.

For Nvidia, a relationship with Anthropic at a scale that could support a record-setting public offering would be consistent with its push to stay tightly embedded in the AI stack. Reuters’ account suggests Nvidia could benefit by reinforcing ties with a major customer while also taking a more prominent role around the timing and structure of an IPO.

Link to Anthropic’s infrastructure footprint

Earlier coverage from Cointelegraph highlighted Anthropic’s increasing demand for AI compute capacity. On Aug. 11, Cointelegraph reported that Bitcoin miner Riot Platforms had secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas campus to a “leading frontier AI” company.

Cointelegraph stated that the customer was Anthropic and that the deal was valued at about $9 billion, citing a Bloomberg report that also referenced people familiar with the matter. While such capacity agreements don’t automatically translate into IPO readiness, they can signal the scale of near-term compute requirements—an issue that matters to investors assessing how quickly an AI company can sustain growth in training and inference.

Nvidia’s software leverage and the Hugging Face acquisition

The Nvidia angle in this story also connects to its broader strategy beyond chips. Earlier in August, Cointelegraph reported that Nvidia had agreed to acquire Hugging Face for $12.9 billion, extending its reach into the AI software and developer tooling ecosystem.

Hugging Face, as described in Cointelegraph’s earlier reporting and in remarks by Nvidia CEO Jensen Huang, serves more than 18 million developers and hosts over three million models. Huang said Nvidia to acquire Hugging Face would bring control of a major platform for AI models as AI companies increasingly compete across chips, software, and the developer tools used to build and deploy models.

In that context, the Reuters report—if confirmed—would underline a two-pronged approach: Nvidia aims to maintain leverage at the infrastructure level and also deepen its influence over the software layers where models are published, accessed, and integrated into applications.

What to watch next

Because Reuters characterizes the negotiations as ongoing and potentially changeable, investors and industry participants should watch for follow-on reporting that clarifies whether Nvidia is expected to participate formally, how the offering size would be structured, and whether either company provides updated statements as talks progress. The broader implication—however it plays out—remains clear: AI capital formation and strategic partnerships are increasingly shaped by control of both compute and the platforms developers rely on.