Nvidia in talks to invest in Anthropic’s mega IPO, sources say

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Summary

Nvidia is reportedly in discussions to invest in Anthropic's large-scale Initial Public Offering (IPO).

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Anthropic is moving toward a public IPO filing after raising $65 billion at a $965 billion valuation, with co-founder Daniela Amodei citing the need for capital to train frontier models and serve inference at scale. The company reported $47 billion in annualized revenue as of May 2026, and has partnered with xAI for $1.25 billion per month in compute capacity rather than building its own data centers.

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Anthropic has confidentially filed with the SEC to go public, setting the stage for a massive IPO that could make it the world's most valuable startup with a $965 billion valuation, ahead of rival OpenAI.