Anthropic reportedly targets $2T valuation in potential IPO

Anthropic is reportedly preparing for a potential IPO at a valuation of approximately $2 trillion before the U.S. midterm elections in November, according to Reuters.
The Claude developer is reportedly considering raising as much as $100 billion, which would make the offering unprecedented in scale if completed on those terms. $NVDA is also reportedly in discussions to invest up to $10 billion as an anchor investor.
The figures highlight the extraordinary capital requirements and valuations surrounding frontier AI companies. The proposed valuation, fundraising amount and timing remain subject to the IPO process, investor demand and market conditions.