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Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’

CN
CitrixNews Staff
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Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’

Anthropic announced today that it’s creating a “public benefit fund” that will give the company “increased flexibility and scale” to support projects for societal good.

Anthropic said that it will commit 5% of its shares to the fund — structured as a wholly-owned entity within the company — with the option to contribute an additional 2% for every 50% increase in Anthropic’s value. And it offered some broad-strokes ideas for how this money might actually be used, such as “large donations to traditional nonprofits or direct distributions to specific populations.”

Originally reported by TechCrunch. Read the full story at the original source.