Eric Schmidt reportedly owns about 1% of Anthropic ahead of its IPO

Schmidt's stake in Anthropic

According to Bloomberg, former Google CEO Eric Schmidt owns about 1% of the AI company Anthropic. The report cites people familiar with the matter.

Schmidt reportedly acquired the stake by investing tens of millions of dollars in Anthropic's Series A round in 2021, when the company was far smaller than it is today.

IPO expectations

The report notes that if Anthropic goes public at the valuations currently being discussed, Schmidt's stake could be worth billions of dollars. The company's IPO timeline and exact valuation have not been finalized.

The news highlights the potential returns of early-stage investments in AI companies.