Anthropic creates public benefit fund with 5% equity
The AI company will park the stake in a wholly owned fund and may add another 2% of shares for every 50% rise in its value, with governance details still to come.
Anthropic will commit 5% of its shares to a new public benefit fund inside the company.
It may contribute an extra 2% of shares for every 50% increase in the firm’s value.
Suggested uses include large nonprofit donations or direct payments to specific groups.
Anthropic has already set aside $200 million to study AI’s effect on jobs.
The company said it will explain the fund’s structure and governance in the coming months.