
TechCrunch: Eric Schmidt reportedly owns about half as much of Anthropic as CEO Dario Amodei
The former Google CEO owns about 1% stake in the leading AI lab, Bloomberg reported.
Eric Schmidt, the former Google CEO, reportedly owns about 1% of Anthropic after investing tens of millions of dollars in the AI company's 2021 Series A round, when it was valued at $461 million. Schmidt's stake is notably larger than the 2% owned by Anthropic's co-founder and CEO Dario Amodei. Anthropic is expected to go public before the end of the year with potential valuations as high as $2 trillion, which could add as much as $20 billion to Schmidt's current net worth of $57.5 billion. Schmidt has been an active tech investor since 2011 through multiple investment entities and has other AI investments in addition to Anthropic.
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OpenAI is acquiring Orchestra Bio to bring AI-powered operations to life sciences R&D, helping biopharma teams accelerate drug development and advance new treatments.
Also reported by TechCrunch and SiliconANGLE

Meeting note-taking tool Otter.ai announced on Tuesday that it has raised $320 million from General Catalyst’s Customer Value Fund (CVF), which provides capital to startups without diluting equity and gets returns on the results of marketing spend. Otter.ai said that it will use these funds for enterprise growth, go-to-market strategy, international expansion, and product innovation. […]
Also reported by SiliconANGLE
Town.com Inc., an artificial intelligence agent startup laser focused on getting work done by collaborating with other AI agents, revealed today that it has raised $108 million in a new funding at a $1 billion valuation. The Series B round was led by Forerunner Ventures and Menlo Ventures, and saw participation from Andreessen Horowitz, Serena […] The post AI work assistant startup Town secures unicorn status after raising $108M just weeks after launching appeared first on SiliconANGLE.

In August, Nscale and Anthropic announced a $45 billion compute deal. The two companies are reportedly discussing yet another deal of the same magnitude.

After drawing acquisition interest earlier this year, the Nvidia challenger raised $1.5 billion to remain independent.

Anthropic is reportedly struggling to secure enough compute from cloud providers that increasingly view it as a competitor, even as its infrastructure spending balloons ahead of a planned November IPO.