Anthropic commits 5% of its shares to a new public benefit fund
Anthropic · Business
Anthropic says it will commit 5% of its shares to the Anthropic Public Benefit Fund, subject to stockholder approval. The fund's stake can grow by an extra 2% at the board's discretion for every 50% rise in company value above a set baseline. Anthropic says the fund will be a wholly-owned LLC, and none of its equity will be used for lobbying or political giving. The company says that, with its co-founders' pledge and an employee equity donation match, roughly 20% of its shares will be dedicated to the public good.