Bloomberg reported, citing people familiar with the matter, that former Google CEO Eric Schmidt owns roughly 1% of Anthropic, stemming from tens of millions of dollars he invested in the startup's 2021 Series A round, when PitchBook data put its valuation at $461 million. Investors have discussed an Anthropic IPO valuation of $1.8 trillion to $2 trillion, and Reuters reported some investors are now pushing for around $1.5 trillion after weaker third-quarter results. Anthropic could begin marketing shares as early as the week of November 9, with trading possibly before US Thanksgiving, though the timing and final valuation are unconfirmed; it is unclear whether Schmidt has sold any shares since his investment.