Anthropic plans to allocate 5% of its shares to a new fund for the public good, subject to shareholder approval.
The board could add another 2% for every 50% increase in the company’s valuation above an undisclosed baseline.
The fund will support nonprofits and may provide direct financial assistance to people affected by AI, including workers facing job losses.
- Anthropic will own the fund, and its shares cannot be used to finance lobbying or political activities.
- Earlier pledges from co-founders and employees could bring the total share of Anthropic dedicated to public benefit to around 20%.
- Anthropic says the initiative redirects equity that technology companies often use for executive compensation.
- The company is also reportedly preparing for one of the biggest IPOs in history.
Elon Musk responded that Anthropic should distribute the shares directly to the public instead.
