Anthropic is putting equity behind its worries about AI and jobs.
The company plans to commit 5% of its shares to a new Public Benefit Fund, subject to stockholder approval.
The fund needs stockholder approval, and the board can add 2 percentage points for each 50% rise in value above an undisclosed baseline.
It will be a wholly owned LLC rather than a tax-exempt charity, and with existing founder and employee pledges it brings roughly 20% of shares toward the public good.
The stake can rise by 2 percentage points for every 50% jump in valuation above an undisclosed baseline. The fund may back large nonprofit donations, direct payouts to specific groups, or bolder efforts to tackle job displacement.
The timing matters: Anthropic reportedly told investors Q3 revenue hit $16.8B, ahead of an IPO slated for November. Elon Musk offered his own take, saying the shares should go straight to the public.