Anthropic to commit 5% of shares to public benefit fund
Briefing by News4U · First published
Anthropic will give 5% of its shares, worth about $48bn, to a fund for public good ahead of its planned IPO.
Anthropic said it will commit 5% of its shares, valued at about $48bn, to a fund for the public good, subject to shareholder approval, as it prepares for a stock market listing. [1] [2]
The company, valued at $965bn in May, also plans to add 2% more shares for every 50% increase above a baseline. It cited concerns over AI’s impact on workers and the environment. [1]
Elon Musk said he would give one SpaceX share to every child in America next year, while OpenAI reportedly discussed giving a 5% stake to the US government. [1]
Sources
- AI firm Anthropic to commit 5% of shares to fund for ‘public good’
The Guardian Business · · Full text
- Anthropic commits 5% of shares to ‘public benefit’ fund
Financial Times · · Summary only