Eric Schmidt’s path to a $20 billion Anthropic windfall began with an introduction from his ex, Cami Clark—now Dario Amodei’s wife

What happened: Eric Schmidt's early investment in Anthropic, reportedly a 1% stake, could be worth up to $20 billion if the AI company goes public at its $2 trillion target as soon as next month. Why it matters: Schmidt is among a small group of early investors set to benefit from the IPO even as questions persist about whether AI companies can generate enough profits to justify their costs. Anthropic's S-1 cites a narrow customer base and uncertainty about securing enough compute as risks. Market: -1.6% today ($330.84), +5.1% YTD, 1.3x vol — as of 20:17 UTC

Eric Schmidt's early investment in Anthropic, reportedly a 1% stake, could be worth up to $20 billion if the AI company goes public at its $2 trillion target as soon as next month.

Schmidt is among a small group of early investors set to benefit from the IPO even as questions persist about whether AI companies can generate enough profits to justify their costs. Anthropic's S-1 cites a narrow customer base and uncertainty about securing enough compute as risks. Market: -1.6% today ($330.84), +5.1% YTD, 1.3x vol — as of 20:17 UTC