Eric Schmidt reportedly holds 1% of Anthropic

Former Google chief executive Eric Schmidt reportedly owns about 1% of Anthropic, a stake valued at nearly $10 billion on paper using the artificial intelligence company’s latest private valuation, according to reporting based on people familiar with his investment. Whether Schmidt still holds the full stake is unknown, and no IPO price has been set. Schmidt invested tens of millions of dollars in Anthropic’s 2021 Series A financing, according to the account. At the time, the company was valued at about $461 million. The reported investment would make Schmidt an early backer of a company whose valuation has risen sharply as it prepares for a possible public offering. Anthropic’s latest reported private valuation is $965 billion. Applying the reported 1% ownership to that figure suggests a paper value close to $10 billion. That estimate is not proceeds from a sale, and the reports say it is unclear whether Schmidt has sold any shares since his initial investment. Investor discussions about Anthropic’s potential IPO valuation have included different figures. Bloomberg reported a range of $1.8 trillion to $2 trillion, while Reuters reported that some attendees at an investor...