Anthropic commits 5% of shares to a new Public Benefit Fund
Anthropic announced it will commit 5% of its shares to a new Public Benefit Fund — a wholly-owned LLC, not a charity — that could fund large nonprofit donations or direct cash transfers to populations affected by AI-driven labor disruption. The pledge could grow with valuation gains and comes ahead of a reported November IPO; the stake is estimated around $48bn at a reported $965bn valuation, a figure cited by aggregators and not confirmed by the company.
Source: TechCrunch