AI startup Anthropic, funded by Amazon and Google, plans its first share buyback for employees, valuing shares at $61.5 billion.
The buyback plan aims to allow employees to liquidate equity while retaining top performers amidst a competitive hiring landscape.
Anthropic's valuation has surged from $15 billion in March 2024 to over $60 billion by the end of the same year, fueled by investments from Google, Amazon, and Salesforce Ventures.
Employee liquidity programs are becoming common in AI companies, with examples from Apple, OpenAI, and Broadcom launching similar initiatives.