Source The Guardian · Published · Open the original ↗
Markets
AI firm Anthropic to commit 5% of shares to fund for ‘public good’
The $48bn giveaway comes amid concerns about the tech and as the company prepares for a stock market listing
Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing.
The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline.
The fund will allow Anthropic to “explore large donations to traditional nonprofits or direct distributions to specific populations”, the company said.
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