Nvidia and Alphabet Just Agreed to Buy $10 Billion Each of Anthropic Stock at Its IPO Price
Nvidia and Alphabet (Google) have each committed to purchasing $10 billion worth of Anthropic stock at its IPO price, as part of a $26 billion private placement by seven firms. Anthropic is going public on Nasdaq under ticker 'ANT' with an expected price range of $70-$78 per share. The investment represents a sound use of Nvidia's substantial cash reserves but is not directly tied to chip sales commitments.