AI firm Anthropic to commit 5% of shares to fund for ‘public good’
Also reported by Al Jazeera, BBC Tech
Summary
Anthropic, the AI company behind the Claude chatbot, plans to give 5% of its shares to a fund aimed at helping the public. The fund will support donations to charities and help groups affected by AI developments. The company is preparing to go public with a large stock market listing.Key Facts
- Anthropic will commit 5% of its shares, worth about $48 billion, to a public benefit fund once approved by shareholders.
- The company will add 2% more shares to the fund for every 50% rise in its value over a set baseline.
- The fund is meant to support large donations to nonprofits and help populations affected by AI's impact.
- Anthropic has already committed $200 million to address AI-related issues but says bigger efforts may be needed.
- The company warned some AI models could soon self-replicate and spread through internet-connected devices.
- Anthropic is valued at $965 billion after a recent funding round and plans an IPO in November, possibly valuing it at $1.5 trillion.
- Elon Musk responded by pledging to give away SpaceX shares to the public and to kids in America.
- Anthropic was founded by former OpenAI employees and operates as a public benefit corporation, balancing profit and public good.
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