Nvidia is reportedly considering investing up to US$10 billion in Anthropic’s upcoming initial public offering, which could become one of the largest IPOs in history. The reports, citing Reuters and multiple outlets, say the discussions are ongoing and the final terms are not yet confirmed.

Anthropic is preparing to raise as much as US$100 billion, with some reporting tying the potential valuation to around US$2 trillion. Several sources frame the move as further support for Anthropic ahead of its public debut, where an anchor investor commitment could help signal confidence and strengthen the offering.

Outlets also emphasize the context of Anthropic’s compute buildout and existing relationships with major technology firms. Nvidia supplies graphics processing units used for Anthropic’s AI models, while Anthropic also expands computing partnerships with companies such as Amazon, Google, and others. Some articles add that Nvidia previously agreed to invest in Anthropic as part of a broader collaboration, underscoring the strategic nature of any potential IPO backing.