Nvidia Is Weighing a $10 Billion Stake in Anthropic's IPO. It Would Be Buying Its Own Demand.
The chipmaker already pledged up to $10 billion to the Claude maker last year. What would a second check buy?
Overview
Nvidia (NASDAQ:NVDA) might be gearing up to write Anthropic a second $10 billion check.
The chipmaker's in talks to be an anchor investor in Anthropic's planned initial public offering (IPO), Reuters said this month, a deal that could deepen its ties to a major customer. A source put Nvidia's possible investment at up to $10 billion.
Details
The artificial intelligence (AI) company behind the Claude models is reportedly looking to raise as much as $100 billion in a listing that might value it at roughly $2 trillion. Reuters has since said that the IPO may slip past the U.S. midterm elections in November. Of course, the plans might still change, and neither company has confirmed the talks.
Source
Originally published at www.fool.com.