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Anthropic pledges 5% of shares to public fund
BBC News·
Anthropic said it will commit 5 percent of its shares to a Public Benefit Fund for public-good donations. The fund could receive another 2 percent of shares at the board's discretion. Anthropic said none of the fund's shares would be used for lobbying or political donations. BusinessLine said the firm is planning an IPO as soon as November.
Prism
What It Means For You
- Anthropic says the Public Benefit Fund may make large donations to nonprofits or direct distributions to specific groups.
- The company said fund shares will not be used for lobbying or political donations in the US or overseas.
- Combined with earlier pledges, Anthropic said roughly 20 percent of shares would be dedicated to the public good.
What's Happening
- Anthropic announced a commitment of 5 percent of its shares to the new fund on Sunday.
- The board could add another 2 percent of shares later.
- BusinessLine said Anthropic is planning a large IPO as soon as November.
How Anthropic Frames The Fund
- CEO Dario Amodei and five co-founders set Anthropic up as a public benefit corporation.
- Anthropic said it has already committed $200 million to study AI labour market effects.
- Elon Musk replied on social media that he recommends giving shares directly to the public.
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