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Policy · Updated 19 Oct, 02:07 am IST

Anthropic commits 5% of shares to public benefit fund

Image: TechCrunch AI

Why it matters for readers: It explains how an AI company plans to use part of its ownership to support public-good efforts and improve trust.

  • Anthropic will commit 5% of its shares to a newly created public benefit fund, structured as a wholly-owned entity within the company.1
  • The company can contribute an additional 2% of shares for every 50% increase in its value.1
  • Anthropic suggested the fund could support large donations to nonprofits or direct distributions to specific populations but will release governance details later.1
  • The announcement follows the company's earlier commitment of $200 million to study AI’s impact on the job market and comes amid concerns about public trust in AI.1
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