What the parties are discussing

Reuters reported that Anthropic is in talks with NVIDIA about becoming an anchor investor in a potential initial public offering. According to two sources cited by the agency, Anthropic may seek to raise up to $100 billion at a valuation of around $2 trillion. [1 · Reuters]

One of Reuters’ sources put NVIDIA’s potential investment at up to $10 billion. An anchor investor commits in advance to buying a portion of the shares and can increase other investors’ confidence in the offering. [1 · Reuters]

What remains unconfirmed

Neither Anthropic nor NVIDIA has confirmed the talks: Anthropic declined to comment, and NVIDIA did not respond to Reuters. The sources cautioned that discussions are ongoing and that the terms could change or an agreement might not be reached. [1 · Reuters]

Reuters says the offering is expected before the US midterm elections in November. That timing, the size of the offering, the valuation and NVIDIA’s participation should be treated as preliminary until the companies issue statements or registration documents are filed. [1 · Reuters]

Sources

  1. Reuters — NVIDIA and Anthropic talks — September 11, 2026