Anthropic trains frontier models with safety research at the center of the work, and ships them to businesses and consumers as Claude. Our position came through private-bank pre-IPO allocations. We hold it because the labs that pair capability with trust are the ones enterprises will keep paying for.

This position came to us through a private-bank allocation of existing shares, and we hold it as one investor among many.

We expect to hold this position for many years, through the quiet stretches as well as the busy ones, and we plan around that from the start.