Anthropic targets $2 trillion valuation in blockbuster IPO

Anthropic has told investors it will be profitable for a second consecutive quarter, aiming to quiet concerns about its cash burn ahead of a planned IPO targeting a $2 trillion valuation. Nvidia is reportedly considering a $10 billion investment in the offering, a move that blurs the line between AI hardware supplier and AI model customer. The IPO would be one of the largest in history, with Anthropic seeking to raise up to $100 billion.