{
  "id": 15709927,
  "title": "Former Google chief Eric Schmidt’s 1% Anthropic stake set to pay huge windfall",
  "url": "https://urgent.news/2026/10/20/former-google-chief-eric-schmidts-1-anthropic-stake-set-to-pay-huge",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-20T05:45:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/former-google-chief-eric-schmidts-1-anthropic-stake-set-to-pay-huge-windfall"
  },
  "original_language": "en",
  "account": "Former Google CEO Eric Schmidt holds nearly 1% of Anthropic, the artificial intelligence startup, after investing tens of millions of dollars in the company's Series A fundraising round. The imminent public market debut of Anthropic promises to generate a substantial windfall for Schmidt, potentially boosting his net worth by a third to nearly $80 billion. Anthropic's seven co-founders are already valued at $8 billion each, with early investors projecting a valuation range of $1.8 trillion to $2 trillion for the company. If Anthropic's IPO values at $2 trillion, Schmidt's investment would surpass that of Innovation Endeavors' early bet on Uber Technologies in 2011, which increased in value by 1,400-fold to $82 billion by the time it went public in 2019. Anthropic's major backers include Alphabet, Amazon.com, Nvidia and Microsoft, as well as venture firms Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.",
  "summary": "Eric Schmidt invested tens of millions of dollars in the start-up’s Series A fundraising round.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Tech.eu",
        "title": "Former Google DeepMind top researcher launches London “compute-efficient” AI company",
        "url": "https://urgent.news/2026/10/20/former-google-deepmind-top-researcher-launches-london-compute",
        "published": "2026-10-20T06:46:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}