Eric Schmidt reportedly holds about 1% of Anthropic, Bloomberg says

what happened

Former Google CEO Eric Schmidt now holds roughly 1% of the equity in artificial intelligence startup Anthropic PBC, Bloomberg reported. He put tens of millions of dollars into the Series A round in 2021, when PitchBook data valued the company at $461 million. It is unverified whether he has sold any of those shares since. Representatives for Schmidt and Anthropic declined to comment.

Bloomberg cites private market indicators pointing to a fair valuation of $1.8 trillion to $2 trillion for Anthropic. It also notes that at the company's latest private valuation of $965 billion, Schmidt's $57.5 billion net worth could rise by nearly $10 billion.

According to Bloomberg, Anthropic may begin IPO marketing as early as the week of November 9, with trading expected before the US Thanksgiving holiday and no later than year-end. Company insiders told the outlet they expect the listing to match or exceed SpaceX's record $1.77 trillion debut in June.

why it matters

An Anthropic listing could be one of the largest IPOs in recent years and would test investor appetite for AI-focused companies. Alphabet, Amazon, Nvidia and Microsoft were among the investors in the $65 billion funding round in May.

market impact

Alphabet, Amazon, Nvidia, Microsoft: investor appetite for AI assets and sentiment around the Anthropic IPO

tags

instruments