About 20% of Anthropic's shares will be used for public welfare!

What happened: Anthropic announced it will allocate 5% of its shares to establish the Anthropic Public Benefit Fund, an LLC wholly owned by Anthropic, pending shareholder approval. Elon Musk commented on X that the shares should be distributed directly to the public. Key numbers: 5% of shares initially allocated; board may add 2% each time valuation rises 50% Why it matters: The fund is intended to address AI's impact on the job market and expand philanthropy beyond AI safety and biomedical research. Governance, structure, and valuation thresholds will be disclosed in the coming months. Coverage: 6 outlets in 24h

Anthropic announced it will allocate 5% of its shares to establish the Anthropic Public Benefit Fund, an LLC wholly owned by Anthropic, pending shareholder approval. Elon Musk commented on X that the shares should be distributed directly to the public.

The fund is intended to address AI's impact on the job market and expand philanthropy beyond AI safety and biomedical research. Governance, structure, and valuation thresholds will be disclosed in the coming months.