BusinessClaude

Eric Schmidt reportedly owns 1% of Anthropic

Original title: Eric Schmidt reportedly owns about half as much of Anthropic as CEO Dario Amodei

Plain language

What it is: Former Google CEO Eric Schmidt reportedly owns about 1% of the AI company Anthropic. This is about half of the 2% stake held by Anthropic's co-founder and CEO, Dario Amodei.
How it works: Schmidt acquired his stake by investing tens of millions of dollars in Anthropic's Series A funding round in 2021. The company is expected to go public before the end of the year.
Where it is available: This applies to the ownership structure of Anthropic.
Example: Not stated in the source

What it is: Reports indicate that former Google CEO Eric Schmidt holds a 1% equity stake in Anthropic. This is compared to the 2% stake held by co-founder and CEO Dario Amodei.
How it works: The stake was established through an investment of tens of millions of dollars during Anthropic's Series A round in 2021, when the company was valued at 461 million dollars.
Where it is available: This relates to the capitalization table and upcoming public offering of Anthropic.
Example: Not stated in the source

The headline and explanation on this page are based on TechCrunch's post. The full details are in the original.

Eric Schmidt reportedly owns about half as much of Anthropic as CEO Dario Amodei