Nvidia is negotiating to invest in Anthropic’s upcoming initial public offering (IPO), according to sources familiar with the matter, CryptoBriefing reported.

Anthropic, the artificial-intelligence startup behind the Claude chatbot, is reportedly seeking to raise up to $100 billion through the offering. The IPO could value the company at approximately $2 trillion. Anthropic is backed by major technology companies including Google and Amazon.

A potential investment from Nvidia would deepen the companies’ existing strategic partnership. The discussions also follow Nvidia’s announcement in November 2025 that it would invest up to $10 billion in Anthropic. If completed, the proposed IPO investment would represent continued financial backing from Nvidia as Anthropic prepares to become a publicly traded company.

Current activity in prediction markets indicates that some participants expect Anthropic to reach a higher market capitalization when the IPO closes. The reported negotiations and potential capital injection have drawn attention as market participants monitor the company’s prospective valuation and public-listing plans.

What to Watch

Market participants will be watching for official announcements from Anthropic regarding the IPO’s pricing and date. Disclosures or guidance from Nvidia or Anthropic concerning their partnership could provide additional information about the relationship and the proposed transaction.

Regulatory filings and approvals from the U.S. Securities and Exchange Commission (SEC) will also be important milestones as Anthropic moves toward an IPO. No final investment terms, IPO pricing, or listing date were provided in the report.