Anthropic commits 5% of shares to public benefit fund
The short version
- The fund's share allocation may increase by 2% for every 50% rise in company valuation above a baseline.
- The fund could support nonprofits and make direct distributions to specific populations.
- The company's co-founders and team members have committed about 20% of their equity to the initiative.
- The announcement coincides with preparations for a stock market listing.
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First reported by TechCrunch Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’
New York Post Anthropic to commit 5% stake to new public benefit fund
Toronto Star Anthropic commits 5% of its stock to a new ‘public benefit’ fund
Financial Times Anthropic commits 5% of shares to ‘public benefit’ fund
All 12 articles
- The Hill, centreAnthropic makes pledge for public benefit initiative
- The Straits Times, centreAnthropic, Musk outline duelling approaches to AI-era philanthropy
- The Hill, centreAnthropic pledges 5 percent of stock to public benefit initiative
- The Guardian, left-leaningAI firm Anthropic to commit 5% of shares to fund for ‘public good’
- BBC News, centreAnthropic says it will commit 5% of its shares to ‘public benefit fund’
- Washington Examiner, right-leaningAnthropic says it will commit small percentage of stock to ‘public benefit’ fund
- The Times of India, right-leaningElon Musk to Dario Amodei: I do not agree with your donation of Anthropic shares
- Al Jazeera English, left-leaningAnthropic says it will commit 5% of shares to ‘public benefit’ fund
- Financial Times, centreAnthropic commits 5% of shares to ‘public benefit’ fund
- Toronto Star, left-leaningAnthropic commits 5% of its stock to a new ‘public benefit’ fund