Anthropic Commits 5% of Shares to New Public Benefit Fund

3-line summary

• Anthropic announced Sunday it will commit 5% of its shares, subject to shareholder approval, to a newly created Anthropic Public Benefit Fund structured as a wholly funded LLC rather than a traditional nonprofit; the board may add another 2% at its discretion each time the company's valuation rises 50% above a baseline.
• The company said fund-held shares will not be used for lobbying or political donations in the US or elsewhere; the fund's purposes include large-scale donations to traditional nonprofits and direct support to specific population groups, citing AI's labor-market impact as an example, toward which Anthropic has already committed $200 million for research and response.
• Anthropic's founders have separately pledged to donate 80% of their holdings, and roughly half of employees participate in a share-donation matching program; combined with the new fund, about 20% of company shares are now earmarked for public-benefit purposes, with the share rising further if valuation targets are met. The company said it will disclose the fund's governance and valuation-trigger details, and publish a public-benefit report, within the coming months.

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