Oct 19 (Reuters) - 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.
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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.
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Anthropic and Schmidt’s representatives did not immediately respond to Reuters’ requests for comment.
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Anthropic’s planned initial public offering is expected to generate substantial returns for its early investors and employees.
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Some investors discussed a valuation of around $1.5 trillion at an investor meeting, below earlier expectations of roughly $2 trillion, Reuters reported last week.
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In its IPO prospectus seen by Reuters in September, Anthropic laid out a vision that AI will transform the global economy more profoundly than industrialization, electricity and the internet.
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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.
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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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