Anthropic to set up public benefit fund, pledges 5% of shares
The structure also allows for an additional 2 per cent contribution for every 50 per cent increase in Anthropic’s valuation.Anthropic has announced plans to establish a public benefit fund to support projects aimed at societal good, giving the company greater flexibility and scale to finance initiatives addressing the broader impact of artificial intelligence, Reuters reported.According to the report, Anthropic will commit 5 per cent of its shares to the fund, which will operate as a wholly owned entity within the company.The structure also allows for an additional 2 per cent contribution for every 50 per cent increase in Anthropic’s valuation.The company outlined several potential uses for the fund, including large donations to traditional non-profit organisations and direct distributions to specific populations.
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