Source The New York Times · Published · Open the original ↗
Markets
Anthropic’s Giant IPO Will Tie It Closer to Nvidia
Nvidia planned to invest $10 billion in Anthropic alongside its initial public offering, the largest of the new financial commitments from several giants to the A.I. company.
For years, the artificial intelligence powerhouses Anthropic and Nvidia kept a distance from each other in their tightly connected industry.
They grew into two of the most valuable companies in the world without needing to do much business together, and their influential chief executives publicly sniped at each other over how the U.S. government should regulate A.I. technology.
But the two companies’ fortunes are now tied together as one prepares for its Wall Street coming-out party while the other braces for a prolonged corporate drama that has shaken up the A.I. industry and has investors on edge.
Anthropic, a leading maker of A.I. software tools, began wooing investors Tuesday for an initial public offering that could value it at up to $1.4 trillion. And in a reminder that Nvidia has become the financial engine behind the A.I. boom, Anthropic said Nvidia would be among the roster of A.I. companies to invest alongside the deal.
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