From the source
Anthropic announced today that it’s creating a “public benefit fund” that will give the company “increased flexibility and scale” to support projects for societal good.
- Anthropic said that it will commit 5% of its shares to the fund — structured as a wholly-owned entity within the company — with the option to contribute an additional 2% for every 50% increase in Anthropic’s value.
- And it offered some broad-strokes ideas for how this money might actually be used, such as “large donations to traditional nonprofits or direct distributions to specific populations.”
- There’s also the impact that AI might have on the job market, which Anthropic has already committed $200 million to study .
- But the company said, “Given the pace of AI progress, bolder approaches may be needed.
- The Fund will have the versatility to pursue them.”
- Anthropic’s announcement comes as the AI industry faces increasingly negative public sentiment, which CEO Dario Amodei has described as “fundamentally a crisis of trust.”
- If you’re wondering who will actually decide which public benefits are worth funding, Anthropic said it will share more information about structure and governance in the coming months.
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