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Shares of Zoom
popped 11% on Monday after analysts at Baird estimated that the company’s investment in artificial intelligence startup Anthropic could be worth between $2 billion to $4 billion, depending on dilution assumptions.
In May 2023, Anthropic announced a partnership with Zoom and revealed that Zoom Ventures had invested in the company. The companies did not disclose the value of the investment, but Zoom reported making $51 million in “strategic investments” that quarter, according to a filing with the U.S. Securities and Exchange Commission.
Baird’s analysts estimate that all, or at least the “vast majority,” of that investment went to Anthropic. The startup is currently valued at $350 billion, suggesting Zoom could see a return of roughly 78 times its investment, the analysts said.
