Anthropic's talks to buy the Israeli-founded Decart now value the company at approximately $7bn, according to a report on 16 August. Days earlier the figure being reported was about $6bn.

The part that inverts the usual story

Nvidia was in advanced negotiations for Decart and is believed to have offered a higher valuation than Anthropic — partly because it was already an investor in the company. Those talks were halted once Anthropic's offer emerged. Google and SpaceX are named as parties that could return to the process; SpaceX had considered acquiring Decart before.

The currency, not the price, is the news

Most of the consideration is expected to be paid in Anthropic shares. That makes the headline $7bn a function of Anthropic's own pre-IPO mark rather than money changing hands, and it means Decart's shareholders are choosing a lower nominal offer in an unlisted acquirer's paper over a higher one from a listed bidder. That is a bet on whose equity appreciates, not on whose cheque is bigger.

Nothing is signed

The parties are exchanging advanced drafts and no agreement has yet been signed, per people close to the deal. Signing is described as possible as soon as next month, ahead of an Anthropic listing expected in September or October; Anthropic has submitted a confidential prospectus whose publication has been delayed.

What Anthropic would be buying

Decart builds software that extracts more performance from AI chips, cutting the compute needed to run and train models — industry estimates put the speed-up at up to eight times — alongside real-time generative video work aimed initially at gaming and now at robotics. Founded in 2023 by Dean Leitersdorf and Moshe Shalev, it has raised over $450m, most recently $300m at a $4bn valuation in May led by Radical Ventures. A $7bn price is roughly 1.75× that mark three months later.