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Former Google CEO Eric Schmidt owns 1% stake in Anthropic: Report

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Former Google CEO Eric Schmidt owns 1% stake in Anthropic: Report

Business News Tech AI Former Google CEO Eric Schmidt owns 1% stake in Anthropic: Report

In its IPO prospectus seen by Reuters in September, Anthropic laid out a vision that AI will transform ⁠the global ​economy more profoundly than industrialisation, electricity and the internet.

Former Google CEO Eric Schmidt owns about 1% of Anthropic , positioning him for one of the largest individual windfalls when the AI startup goes public, Bloomberg News reported on Monday. * Schmidt invested tens of millions of dollars in Anthropic's Series A funding round, the report said, citing people familiar with the matter. It was unclear whether he has sold any of his stake since. * Anthropic and Schmidt's representatives did not immediately respond to Reuters' requests for comment.

* Anthropic's planned initial public offering is expected to generate substantial returns for its early investors and employees. 5 trillion at an investor meeting, below earlier expectations of roughly $2 trillion, Reuters reported last week. * In its IPO prospectus seen by Reuters in September, Anthropic laid out a vision that AI will transform ⁠the global ​economy more profoundly than industrialisation, electricity and the internet. * Amazon and Google were among Anthropic's early backers, investing billions of dollars and supplying the cloud computing capacity required to develop and run its Claude AI models . * Schmidt served as Google's CEO from 2001 to 2011 and later as executive chairman of its parent company, Alphabet, before stepping down in January 2018.



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