From the source
Anthropic says it will commit 5% of its shares to a fund for the "public good", worth around $48bn at its May valuation, as the Claude developer prepares to list on the stock market.
- The commitment is subject to shareholder approval, and Anthropic will add a further 2% of its stock for every 50% increase in its value above an undisclosed baseline.
- The company says the fund will let it "explore large donations to traditional nonprofits or direct distributions to specific populations".
- Anthropic wrote that AI "may generate enormous economic value, but it could also cause instability for many workers", and said its existing $200m commitment may not be enough given the pace of progress.
- Anthropic was valued at $965bn in May when it raised $65bn, and is reportedly weighing a $1.5tn valuation for an IPO planned for November.
- Elon Musk responded on social media by pledging to give away some of his own shares, saying he would give one SpaceX share to every child in America next year.