📰 Key Takeaways

Nvidia is reportedly in talks for a strategic investment of up to $10 billion tied to Anthropic’s potential IPO, which would make it the largest IPO in history if it goes through. Reuters reported Saturday, citing sources familiar with the matter, that Anthropic’s fundraising round could reach as much as $100 billion, potentially pushing the AI company’s valuation to around $2 trillion. The talks are still ongoing and could change at any time, with sources speaking anonymously due to the confidential nature of the negotiations. If Nvidia becomes an early strategic investor, it would do more than provide capital — it would also deepen the ties between the chip giant and one of its most important customers. Anthropic declined to comment, and Nvidia had not responded to a request for comment as of the time of reporting.

The original report also notes that Nvidia recently acquired Hugging Face for $12.9 billion. The platform serves more than 18 million developers and hosts over 3 million models, giving Nvidia a bigger footprint in AI software and developer tooling. Separately, Bloomberg reported that bitcoin miner Riot Platforms had previously signed a 20-year contract with a “top frontier AI” company to supply 191 megawatts of power capacity from its Rockdale, Texas campus. That customer was later confirmed to be Anthropic, with the contract valued at roughly $9 billion.

💬 JudyAI Lab Take

Nvidia is reportedly in talks for a strategic investment of up to $10 billion tied to Anthropic’s potential IPO — and if it happens, it would be the largest IPO in history. The dollar figure alone is enough to make this the story of the day.

But what this deal really reflects isn’t just the size of the check — it’s a shift in how chip suppliers and AI companies relate to each other, moving from vendor-customer to capital-bound partners. Nvidia’s earlier $12.9 billion acquisition of Hugging Face, paired with this potential strategic investment in Anthropic, shows the chip giant trying to plant a flag on both ends of the AI supply chain. Add in Riot Platforms’ 20-year, $9 billion power contract with Anthropic, and it’s clear that compute and energy positioning have become a core part of AI companies’ long-term strategy — not a side detail.

For AI builders, this is a reminder: when you’re sizing up an AI company, capital structure and infrastructure positioning matter just as much as model performance.

📅 Original Source Info

🔗 Further Reading