AI FIRM ANTHROPIC TO COMMIT 5 % OF SHARES TO FUND FOR PUBLIC GOOD

What happened: Anthropic said it will commit 5% of its shares to a fund for the "public good", subject to shareholder approval, as it prepares to list on the stock market. Key numbers: Shares worth around $48bn at its May valuation. A further 2% of stock added for every 50% increase in value above an undisclosed baseline. Why it matters: Anthropic said AI may generate enormous economic value but could also cause instability for many workers, and that bolder approaches may be needed given the pace of AI progress. The move comes amid growing public nervousness about AI. Coverage: 15+ outlets in 24h

Anthropic said it will commit 5% of its shares to a fund for the "public good", subject to shareholder approval, as it prepares to list on the stock market.

Anthropic said AI may generate enormous economic value but could also cause instability for many workers, and that bolder approaches may be needed given the pace of AI progress. The move comes amid growing public nervousness about AI.