Posted on 10/18/2026 6:21:46 PM PDT by MinorityRepublican
Anthropic said Sunday it plans to commit 5% of its shares to a new public benefit fund, with the stake potentially increasing as the company's valuation grows.
Subject to shareholder approval, the fund would immediately commit 5% of Anthropic's shares, with the board adding, at its discretion, an additional 2% for every 50% increase in the company's value above a set baseline that has yet to be disclosed.
Anthropic said that while it has already committed $200 million to study the AI's effects, "given the pace of AI progress, bolder approaches may be needed."
The fund may be used to "explore large donations" — including to traditional nonprofits or as direct distributions for specific populations — or for "bolder approaches" to study and address AI's disruption and displacement of jobs, the company said.
An August Pew Research Center report found that 71% of adults think AI will lead to fewer jobs in the U.S. over the next two years.
The fund will be established as a wholly owned limited liability company rather than a 501(c)(3) tax-exempt nonprofit or other format to adjust between different forms of giving, the release said. Equity held by the LLC will not be used for lobbying or political giving in the U.S. or internationally, Anthropic said.
Anthropic told investors its third-quarter revenue stands at $16.8 billion ahead of its planned initial public offering reportedly slated for November, CNBC reported.
The timing of Anthropic's public fund announcement is mandatory to prepare for an initial public offering, and "beneficial from an image perspective," especially as AI reshapes the jobs market, Lise Buyer, partner at IPO advisory firm Class V Group, told CNBC.
Buyer said Anthropic's move could be seen favorably if the funds support retraining or help workers find alternative employment when the technology disrupts their jobs.
(Excerpt) Read more at cnbc.com ...
Anthropic is the worst AI company. Their product is very good but they are trying to keep competition by saying we need regulation and to tax everyone else to pay for their disruption.
A bribe is a charm in the sight of its owner; wherever he turns, he prospers. - Proverbs 17:8
The “public benefit” will be like all others, money laundering into the hands of leftists.
The goal is to create 100 George Soros and continue funding all the Leftist NGOs.
Yep. Boycott Claude.
Well actually 2nd worst behind google or tied with google.
Well actually 2nd worst behind google or tied with google.
Edit:
But Google’s AI sucks arse so it’s not much of an AI company.
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