Nvidia Considers Up to $10 Billion Investment in Anthropic as AI Firm Eyes $2 Trillion Valuation
Nvidia may anchor Anthropic’s potential IPO with up to $10 billion, a deal that could value the AI company at around $2 trillion, sources say.
BUSINESSES RESHAPING OUR WORLD
Global N Press
9/14/20262 min read
SAN FRANCISCO, September 12, 2026 — Nvidia is considering investing as much as $10 billion in Anthropic as an anchor investor in a potential initial public offering that could value the artificial intelligence company at around $2 trillion, according to people familiar with the discussions cited by Reuters.
Anthropic is considering raising as much as $100 billion through the IPO, although the plans remain under discussion and could change. If completed at the proposed scale, the offering would rank among the largest IPOs in history and underscore the enormous amounts of capital being committed to the development and deployment of advanced AI systems.
Anthropic Considers Public Listing
Anthropic, a major rival to OpenAI, develops the Claude family of AI models, which are used by businesses and developers for applications including software development and enterprise automation.
The proposed $2 trillion valuation would represent a substantial increase from Anthropic's latest private-market valuation. Reuters reported that the company was valued at about $96.5 billion following a $6.5 billion funding round in May.
A public listing would give Anthropic access to a broader pool of investors and potentially provide additional capital for expanding its computing infrastructure, developing new models and supporting the growing demand for its AI services.
Nvidia's Potential Investment
Nvidia's potential investment would deepen an already significant commercial relationship between the chipmaker and Anthropic. The AI company relies heavily on Nvidia's graphics processing units to provide the computing capacity required to train and operate its models.
Anthropic has also expanded its access to computing resources through partnerships with major technology companies, including Microsoft, Amazon and Google. Reuters reported that Anthropic had committed $30 billion to Microsoft Azure capacity powered by Nvidia chips.
The potential investment highlights the increasingly interconnected structure of the AI industry, where semiconductor companies can serve both as key infrastructure suppliers and as investors in AI developers that generate demand for their products.
Rising Cost of AI Development
The proposed fundraising also reflects the substantial capital requirements of competing in advanced AI. Developers are investing heavily in computing capacity, data centers, energy and specialized hardware, alongside research and engineering.
Reuters reported that Anthropic's annualized revenue run rate had risen to more than $65 billion by mid-2026, from about $9 billion in 2025.
If completed at the proposed scale, an Anthropic IPO would provide a significant test of public-market appetite for AI companies and their large infrastructure requirements. However, the size, valuation and timing of the offering have not been finalized, and Nvidia's potential investment could still change or not proceed.
