Anthropic says it will commit 5% of its shares to a public-benefit fund
Anthropic said it will commit 5% of its shares to a public-benefit fund intended to support projects for societal benefit.
Anthropic announced that it is creating a public-benefit fund and plans to commit 5% of its shares to it. The company said the fund would be a wholly owned entity and could support nonprofits or direct distributions to specific groups.
Anthropic said it may contribute another 2% of its shares for every 50% increase in its valuation. It said more details on the fund's structure and governance will be released in coming months.