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Ex-Google CEO's Early Bet Could Yield Billions
20 Oct
Summary
- Eric Schmidt holds a 1% stake in AI firm Anthropic.
- Schmidt's stake could result in a massive windfall.
- Anthropic is preparing for a public market debut.
Eric Schmidt, the former CEO of Google, is positioned for a substantial financial gain through his early investment in the artificial intelligence company Anthropic PBC. Reports indicate that Schmidt holds an approximate 1% stake in the startup.
This ownership percentage is expected to yield one of the largest individual windfalls upon Anthropic's anticipated debut in the public market. The company is currently preparing for its imminent launch onto public exchanges, marking a significant milestone for the AI firm.
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