Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’
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Anthropic has announced the creation of a 'public benefit fund' designed to support projects aimed at societal good. The company will commit 5% of its shares to this wholly-owned entity, with provisions to contribute an additional 2% for every 50% increase in Anthropic's valuation. Potential uses for these funds include large donations to traditional nonprofits or direct distributions to specific populations. This initiative addresses concerns regarding AI's impact on the job market, building upon a previous $200 million commitment to study such effects. CEO Dario Amodei described the current industry climate as a crisis of trust driven by negative public sentiment. While specific governance details are pending, the fund aims to provide flexibility for bolder approaches to AI-related challenges. Anthropic plans to release more information about the structure and decision-making processes in the coming months.
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