Nvidia may put $10bn into Anthropic’s IPO, more than Europe’s largest AI round in full
Nvidia is in talks to invest up to $10bn in Anthropic’s initial public offering, which seeks as much as $100bn at a valuation near $2trn and would be the largest listing in history. Three days earlier it returned as an investor in Mistral’s EUR 3bn round, the largest ever raised by a European technology company […] This story continues at The Next Web
Nvidia is in talks to invest up to $10bn in Anthropic’s initial public offering, which seeks as much as $100bn at a valuation near $2trn and would be the largest listing in history. Three days earlier it returned as an investor in Mistral’s EUR 3bn round, the largest ever raised by a European technology company and worth less than the cheque Nvidia is now weighing.
Nvidia is in talks to invest as much as $10B in Anthropic ‘s initial public offering as an anchor investor, Reuters reported . Anthropic is seeking to raise up to $100B at a valuation of around $2T.
That would be the largest listing in history. SpaceX raised $75B in June and listed at $1.77T.
TNW reported last month that a raise on that scale would be ten times Europe’s largest listing in decades, Porsche’s EUR 9.4B in 2022.
Nvidia is also Anthropic’s supplier, and has already committed up to $10B to the company separately. Anthropic’s quarterly revenue passed $11.5B in August, fourteen times a year earlier. Neither company has commented on the report.
Three days before it appeared, Nvidia was doing something similar in Europe. It returned as an investor in Mistral’s EUR 3B round , which closed on 8 September at a valuation above EUR 21B.
That was the largest equity round a European technology company has ever raised.
The cheque Nvidia is weighing for Anthropic is bigger than all of it, and close to half of what Mistral is worth in total.
Europe runs a smaller version of the same circuit. ASML led Mistral’s previous round, and Mistral borrowed $830M from seven banks to buy 13,800 Nvidia chips for a data centre south of Paris.
What the money is for differs. Mistral’s round funds compute inside Europe, a gigawatt of it by 2030, and a business built on selling sovereignty to governments and regulated industries.
Emmanuel Macron called that a third way in AI. Anthropic’s proposition is that there is one way, and it is selling it.
The prospectus is expected this month, with the listing days before the midterms . European institutions will be offered a piece of it, priced in part by an American supplier that already owns a slice of the alternative.
