Anthropic commits 5% of shares to new public benefit fund that could address AI job disruption
The Claude maker said that establishing the fund as an LLC will provide greater flexibility in how the money is used.
TL;DR
- Anthropic will commit 5% of its shares to a new public benefit fund, potentially increasing the stake as valuation grows.
- The fund, structured as an LLC, will be used for donations and to study/address AI's disruption of jobs.
- This move is seen as both mandatory for an IPO and beneficial for the company's image, especially concerning AI's impact on employment.
- A Pew Research Center report indicates 71% of adults believe AI will lead to fewer jobs in the U.S. within two years.
- Equity held by the LLC will not be used for lobbying or political giving.