Anthropic's Historic IPO Could Draw $10B Nvidia Stake: Reuters Report
The AI startup is reportedly planning to secure up to $100 billion through its public offering, potentially achieving a market valuation of approximately $2 trillion.
According to a Saturday report from Reuters citing sources with knowledge of the matter, Anthropic is engaged in discussions with Nvidia regarding a possible $10 billion investment as part of what could become the largest initial public offering ever recorded.
Sources indicated that the AI company Anthropic aims to secure up to $100 billion through this offering, which would potentially assign the company a market valuation in the vicinity of $2 trillion.
According to what the sources shared with Reuters, the conversations remain active and subject to modification, with the individuals requesting anonymity due to the private nature of the ongoing negotiations.
Such an investment from Nvidia would provide Anthropic with a significant strategic partner ahead of the offering while simultaneously reinforcing the relationship between the semiconductor manufacturer and one of its key clients.
According to Reuters, representatives from Anthropic declined to provide comment on the matter, while Nvidia has not yet replied to requests seeking their input.
On Aug. 11, Cointelegraph published a report stating that Bitcoin mining company Riot Platforms had entered into a 20-year arrangement to deliver 191 megawatts of power capacity from its campus in Rockdale, Texas, to a "leading frontier AI" enterprise.
According to a Bloomberg report that cited individuals with direct knowledge of the agreement, the client in question was Anthropic, with the transaction carrying an estimated value of approximately $9 billion.
Earlier this month, Cointelegraph reported on Nvidia's agreement to purchase Hugging Face in a deal worth $12.9 billion, which represents an expansion of the company's presence in the software applications and development tools utilized for creating artificial intelligence solutions.
According to Nvidia CEO Jensen Huang, Hugging Face provides services to a community exceeding 18 million developers while maintaining a repository of more than three million models.
Through this acquisition, Nvidia would gain ownership of a prominent platform dedicated to AI models at a time when technology corporations are intensifying competition spanning semiconductor chips, software applications, and developer tool ecosystems.