Nvidia is considering a major investment in artificial intelligence company Anthropic as the AI startup prepares for a possible stock market debut that could become one of the largest IPOs ever recorded.
People familiar with the discussions told Reuters that Anthropic is looking at bringing Nvidia in as an anchor investor. The potential investment could further strengthen the relationship between the two companies, as Anthropic depends heavily on Nvidia's advanced computing technology for developing and operating its AI systems.
The proposed investment could reportedly reach as much as $10 billion. If completed, it would give Nvidia an even stronger connection with one of the leading companies in the rapidly expanding artificial intelligence industry.
Anthropic is reportedly preparing for an IPO that could value the company at around $2 trillion. A listing of that size would place the AI company among the most valuable technology businesses in the world and could make its public offering one of the biggest in history.
Nvidia has already become a central supplier to the artificial intelligence sector because its processors are widely used to train and operate advanced AI models. The company has also been developing closer relationships with major AI firms as demand for computing power continues to increase.
Anthropic has received support from other major technology companies, including Amazon and Google. The company is also planning large investments in computing infrastructure as it works to expand its AI services and meet growing demand.
The possible Nvidia investment comes as the AI industry attracts unprecedented amounts of capital. Companies developing AI models are spending heavily on computing infrastructure, while chipmakers and cloud providers are seeking deeper partnerships with the firms driving demand for AI technology.
However, the discussions are still ongoing and the final investment amount and terms could change. Anthropic's potential IPO is also still subject to further developments before any formal listing takes place.