Anthropic · Claude · SpaceX · Elon Musk · U.S. · Decrypt
Anthropic says it will release the fund's governance structure and valuation thresholds in the coming months
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Key facts
- With roughly 72 million children in the country, the pledge comes to about $10.5 billion at SpaceX's price of roughly $147 a share
- Americans are uneasy about how fast AI is moving: an AP-NORC poll in late September found that 64% of U.S. adults say the technology is developing too fast, and 8% say too slow
- Anthropic critics include investor and former White House AI czar David Sacks, who responded to the company’s pledge with his own post on X: “You’ve put 20% of your equity in an LCC
- Anthropic is preparing an IPO, meaning it would sell its shares to the public on the stock market, as soon as November at a reported valuation of around $2 trillion
Summary
Anthropic will commit 5% of its shares to a new Public Benefit Fund, subject to stockholder approval, and says roughly 20% of its stock will go to public causes once co-founder and employee pledges are counted. Elon Musk responded by promising one SpaceX share to every child in the United States next year, a giveaway worth more than $10 billion at current prices. The fund follows a draft AI safety bill Anthropic pitched to lawmakers days earlier, which would let the government block models that risk killing or injuring more than 50 people or causing over $1 billion in damage. Anthropic, the company behind the Claude chatbot, said Sunday it will commit 5% of its shares to a new Public Benefit Fund. “The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways: for example, we might explore large donations to traditional nonprofits or direct distributions to specific populations,” Anthropic said.