AI company Anthropic commits 5% of its shares to a public benefit fund
Anthropic is launching a public benefit fund with 5% of its shares, adding up to 2% for each 50% rise in value above a baseline. The company previously spent $200 million on AI's labor market effects and plans a major IPO in November.
- Roughly 20% of Anthropic’s shares would be dedicated to public purposes with the new fund.
- Anthropic previously allocated $200 million to study AI's labor market impact.
- Anthropic was founded as a public benefit corporation.
- The Anthropic Public Benefit Fund could support nonprofit donations and efforts to address AI’s impact on workers.
- Anthropic plans a massive initial public offering in November.
- Anthropic warned that its AI technology could develop self-sustaining behaviors.
- The International Monetary Fund research suggested almost 40% of jobs globally will be affected by AI.
- Anthropic pledged to donate 80% of its wealth.
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