Anthropic commits 5% of its shares to a public benefit fund

Anthropic announced a new public benefit fund and pledged 5 percent of its shares to it immediately, subject to stockholder approval. The board may add a further 2 percent of shares for every 50 percent increase in the company’s value. The fund could support nonprofits or make direct distributions to specific populations, including in response to AI-driven disruption in the labour market. Anthropic says it has already committed $200 million to studying and addressing that issue and that the fund will not finance lobbying or political donations.