Google, Nvidia and Microsoft Join $26 Billion Anthropic Deal Ahead of IPO

Google, Nvidia and Microsoft are among seven technology companies that have agreed to buy a combined $26 billion of Anthropic stock in a private placement alongside the Claude maker’s proposed initial public offering. AMD, Broadcom, Micron Technology and TSMC Partners are the other investors named in Anthropic’s roadshow presentation.

The private placement covers Class N common stock. In the public offering, Anthropic plans to sell 825 million Class A shares at $70 to $78 apiece, with pricing expected on November 18. At the top of the range, the IPO and the private placement would total $90.35 billion, including shares sold by existing investors.

Anthropic’s IPO could raise $64.35 billion

Anthropic itself is offering about 801.35 million shares, with existing shareholders selling about 23.65 million. At $78 a share, Anthropic would receive about $62.5 billion in gross IPO proceeds, while selling shareholders would receive about $1.84 billion, before fees and expenses.

The company plans to use its proceeds for working capital, operating expenses and capital expenditure, including computing and infrastructure. Some of the money will also cover tax withholding and remittance obligations tied to the settlement of outstanding restricted stock units.

Anthropic’s roadshow lays out how it plans to expand computing capacity across several suppliers. Its shared computing pool uses Amazon Web Services’ Trainium chips, Google’s tensor processing units and graphics processors from Nvidia and AMD. Anthropic said it could allocate that capacity to frontier research, model development, customer workloads or internal use of Claude based on performance and cost.

The company also outlined its push to get businesses building with Claude through APIs, software development kits and managed AI agents. Its platform offers features such as memory, web search, tool use and prompt caching. Anthropic highlighted software development, cybersecurity, drug discovery and supply chain automation among the areas where it expects AI systems to handle more complex work.

TSMC backs both Anthropic and OpenAI

TSMC’s board approved up to $500 million to buy Anthropic common shares at the IPO price and up to another $500 million to acquire preferred stock in OpenAI. The two investments give the Taiwanese chipmaker exposure to two of the largest AI model developers.

The board separately approved about $40.93 billion in capital spending to expand and upgrade advanced chipmaking capacity, increase advanced packaging and mature and speciality chip capacity, and build new fabrication plants. The allocation also covers 2027 research and development, spending to maintain existing operations and capitalised leases. TSMC approved up to $500 million to set up a separate investment company focused on the semiconductor industry and related businesses.

TSMC reported third-quarter revenue of $45.50 billion and net income of $23.23 billion, with diluted earnings of $0.90 a share. The board approved a cash dividend of NT$9 per share, payable on April 8, 2027, to shareholders on record as of March 17.

With inputs from ANI