Business · Updated 21 Oct, 07:50 am IST
Anthropic pledges 5% stake to public benefit fund ahead of possible IPO
Why it matters for readers: It matters because AI firms are proposing concrete steps to give some profits back to the public, though details are still unclear.
- Anthropic committed 5% of its shares to an Anthropic Public Benefit Fund, subject to stockholder approval.1
- The company said the stake could increase as Anthropic grows and the fund might explore donations to nonprofits or distributions to specific populations.1
- Anthropic said the fund will not support lobbying or political giving.1
- Executives at Anthropic and OpenAI have argued AI companies should share profits with the public, but key questions about how such plans would work remain unresolved.1
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