The maker of the Claude AI model is proceeding with a 2026 listing on the Nasdaq, targeting a capital raise of up to $100 billion and a $2 trillion valuation. Nvidia is in talks to act as an anchor investor in the offering with a potential investment of up to $10 billion, according to sources reported by Reuters. The offering would be the largest initial public offering in history and is targeted to complete before the November midterm elections.

Anthropic is maintaining its timetable despite a growing debate over AI safety and regulation, citing that public transparency strengthens its safety case. The startup's annualized revenue run rate reached $65 billion by the end of July, compared to $9 billion at the end of 2025. Competitor OpenAI is leaning toward a 2027 IPO, while Anthropic manages infrastructure through commitments for $30 billion in Microsoft Azure and $100 billion in Amazon AWS capacity.