Eric Schmidt’s 1% Anthropic stake sets up massive windfall ahead of IPO -Bloomberg

Investing.com -- Former Google Chief Executive Officer Eric Schmidt is poised to reap one of the largest individual windfalls from Anthropic's (NASDAQ:ANTP) upcoming initial public offering, driven by an early bet placed during the artificial intelligence startup's formative stages. According to Bloomberg reporting, Schmidt holds roughly 1% of the Claude chatbot maker following a tens-of-millions-of-dollars investment in its Series A fundraising round. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » The prospective return on that early commitment underscores the extraordinary appreciation in AI valuations over recent years.