Anthropic Public Benefit Fund

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   Anthropic commits 5% of shares to new Public Benefit Fund, with more tied to valuation

   Anthropic said on October 18 that, subject to stockholder approval, it will commit 5% of its shares to a new Anthropic Public Benefit Fund structured as a wholly-owned LLC. The company said the board may add another 2% of shares each time its value rises 50% above an undisclosed baseline; combined with co-founder pledges and an employee equity donation match used by about half of staff, roughly 20% of Anthropic shares will be dedicated to the public good. The fund is meant to support large nonprofit donations, direct distributions to specific populations and efforts to address AI's impact on jobs, and none of its equity will be used for lobbying or political giving in the US or abroad. BBC reported the announcement comes as Anthropic lays groundwork for a potential listing that could value it above $1tn, and Elon Musk responded on social media: "I recommend giving the shares directly to the public."

   Anthropic · News · 🔥 90

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