Anthropic commits 5% of shares to new Anthropic Benefit Fund
Anthropic says it will put 5% of its shares into a new public benefit fund, which the Guardian values at about $48bn, subject to shareholder approval.
Anthropic, the company behind the Claude chatbot, says it will commit 5% of its shares to a new public benefit fund called the Anthropic Benefit Fund. The Hill reports the company announced it in a blog post on Sunday.
The Guardian reports the shares were worth around $48bn (£36bn) at the company's latest valuation, from May. It says the commitment needs shareholder approval. It also reports that Anthropic would add 2% more of its stock for every 50% rise in the company's value above a baseline. The company has not disclosed that baseline.
Al Jazeera reports the company said the fund could pay for donations to non-governmental organizations and for "direct distributions to specific populations." CNBC reports the fund will be set up as an LLC, which the company says gives it more flexibility in how the money is used. CNBC's headline says the fund could address AI-related job disruption.
The Hill says the announcement comes as the AI industry faces scrutiny over its effect on society and the labor market. BBC News and the Guardian both say Anthropic is preparing for a stock market listing. The Guardian says the company is seeking to bolster its appeal ahead of that listing.
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- CNBCAnthropic commits 5% of shares to new public benefit fund that could address AI job disruptionSun, Oct 18, 6:55 PM EDT
- BBC NewsAnthropic says it will commit 5% of its shares to 'public benefit fund'Sun, Oct 18, 10:41 PM EDT
- Al JazeeraAnthropic says it will commit 5% of shares to ‘public benefit’ fundSun, Oct 18, 11:23 PM EDT
- The GuardianAI firm Anthropic to commit 5% of shares to fund for ‘public good’Mon, Oct 19, 6:47 AM EDT
- The HillAnthropic pledges 5 percent of stock to public benefit initiativeMon, Oct 19, 11:57 AM EDT
- The HillAnthropic makes pledge for public benefit initiativeMon, Oct 19, 5:02 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.
Earlier versions (3)
- Mon, Oct 19, 6:55 AM EDT, 4 outlets: Anthropic to commit 5% of shares, about $48bn, to public benefit fund
- Sun, Oct 18, 11:55 PM EDT, 3 outlets: Anthropic to commit 5% of its shares to a public benefit fund
- Sun, Oct 18, 10:45 PM EDT, 2 outlets: Anthropic commits 5% of its shares to a new public benefit fund