Anthropic · Dario Amodei · TechCrunch AI
Anthropic confirms it’s committing 5% of its shares to a ‘public benefit fund’
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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.
Key facts
- 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
- There’s also the impact that AI might have on the job market, which Anthropic has already committed $200 million to study
- 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
- But the company said, “Given the pace of AI progress, bolder approaches may be needed
Summary
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. There’s also the impact that AI might have on the job market, which Anthropic has already committed $200 million to study. 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 decide which public benefits are worth funding, Anthropic said it will share more information about structure and governance in the coming months.