Anthropic Will Commit 5% of Its Shares to a Public Benefit Fund
Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’
- Who
- Anthropic
- What
- commits a portion of its shares to the Anthropic Public Benefit Fund, starting with 5% of its shares
- Quote
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.
What happened
Anthropic is creating a public benefit fund, structured as a wholly owned entity within the company, and will commit 5% of its shares to it. The company may contribute an additional 2% for every 50% increase in its value. Anthropic said the fund could support nonprofits or make direct distributions to specific populations, and it plans to share more about the fund’s structure and governance in the coming months.
Read next
See the full storyAnthropic Commits 5% of Its Shares to New Public Benefit FundReported by 2 sources
The story so far
Anthropic announced it will commit 5% of its shares to the new Anthropic Public Benefit Fund, a wholly owned entity the company says will be dedicated entirely to public benefit. TechCrunch reported that Anthropic has the option to contribute an additional 2% for every 50% increase in the company’s value. Anthropic said the fund could support nonprofits or make direct distributions to specific populations. The company plans to share more about the fund’s structure and governance in the coming months.
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