Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’
Anthropic said that it will commit 5% of its shares to the fund.
TL;DR
- Anthropic is creating a 'public benefit fund' to support societal good projects.
- The company will commit 5% of its shares to the fund, with options for additional contributions based on company value.
- The fund's purpose includes supporting nonprofits and direct distributions to specific populations.
- It aims to provide flexibility for addressing AI's societal impact, including job market concerns.
- This initiative comes amid growing negative public sentiment and a 'crisis of trust' in the AI industry.
- More information on the fund's structure and governance will be released in the coming months.