Anthropic commits 5% of shares to new public benefit fund that could address AI job disruption
The Claude maker said that establishing the fund as an LLC will provide greater flexibility in how the money is used.
TL;DR
- Anthropic will commit 5% of its shares to a new public benefit fund, with the potential to increase this stake.
- The fund aims to study and address the disruption and displacement of jobs caused by AI.
- The fund will be established as a wholly owned limited liability company (LLC) for flexibility in giving.
- Equity held by the LLC will not be used for lobbying or political giving.
- Anthropic reported $16.8 billion in third-quarter revenue ahead of a planned IPO.
- Experts suggest the announcement serves both IPO preparation and reputational enhancement.
- Elon Musk suggested Anthropic should give shares directly to the public.