Anthropic · OpenAI · Claude · SpaceX · Elon Musk · Tesla · The Guardian Technology
AI firm Anthropic to commit 5% of shares to fund for ‘public good’
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Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing.
Key facts
- Anthropic was valued at $965bn in May when it raised $65bn in a funding round
- The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval
- It said that while it had already committed $200m to addressing the issue, “given the pace of AI progress, bolder approaches may be needed
- Shares in SpaceX, which is listed on the Nasdaq in the US, rose by 1% in pre-market trading on Monday
Summary
The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. The fund will allow Anthropic to “explore large donations to traditional nonprofits or direct distributions to specific populations”, the company said. The move comes amid growing public nervousness about AI, from the threat to human labour to the impact on the environment and its influence on social behaviours. “AI may generate enormous economic value, but it could also cause instability for many workers,” Anthropic wrote in a blogpost.