Nvidia is considering investing up to $10 billion as an anchor investor in Anthropic's proposed initial public offering, as the AI startup seeks to raise as much as $100 billion at an approximately $2 trillion valuation. The plans remain under discussion and could change. The potential listing, expected before the U.S. midterm elections in November, would test public-market demand for capital-intensive frontier AI companies. Anthropic raised $65 billion in May at a post-money valuation of $965 billion and said its annualized revenue run rate exceeded $65 billion by the end of July. Separately, Anthropic said it disrupted operators in northern Yemen who used Claude Code in work related to guided-rocket development, though it found no evidence they deployed a usable weapon. The company also detailed disrupted misuse involving cyberattacks, surveillance, influence operations, scams and biological research.