Anthropic’s $2 trillion IPO is taking shape as Nvidia considers a $10 billion investm

Anthropic is preparing for a massive IPO with a potential valuation of $2 trillion, supported by a possible $10 billion investment from Nvidia. The company has seen rapid revenue growth and maintains high gross margins, signaling a shift in how frontier AI companies are valued.
Why it matters
This potential IPO represents a major milestone for the AI industry, reflecting the massive capital requirements and high market expectations for generative AI leaders.
Anthropic is moving closer to a public offering that could rank among the largest IPOs ever, as the maker of Claude seeks to turn extraordinary growth in AI demand into an equally extraordinary public-market valuation. The company has selected Nasdaq for a potential listing, according to Business Insider, and is in talks with Nvidia about becoming an anchor investor in the offering, according to people familiar with the discussions cited by Reuters. Nvidia could invest as much as $10 billion, while Anthropic is considering raising as much as $100 billion at a valuation of around $2 trillion. Those numbers remain preliminary and could change. But even the possibility of an IPO on that scale points to a significant shift in how investors are being asked to value frontier AI companies.
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