From Business Insider · Truman Dickerson · · 1m
Anthropic sets aside billions for public benefit fund
The AI company plans to create a separate LLC funded by its own shares to support nonprofits and public-interest work.
In brief
The AI company plans to create a separate LLC funded by its own shares to support nonprofits and public-interest work. Anthropic announced plans to establish a Public Benefit Fund using company shares to support nonprofits and public-interest initiatives, pending stockholder approval. Originally reported by Business…
Anthropic plans public benefit fund
Anthropic said on Sunday it would set aside large portions of its wealth to support public-interest initiatives through a new separate LLC.
Fund would use company shares
The Anthropic Public Benefit Fund would receive company shares to make donations to nonprofits or direct distributions to specific populations. An initial five percent stake is subject to stockholder approval.
“The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways.”
Five percent stake worth forty eight billion
A five percent stake in Anthropic is worth about forty eight billion dollars according to the company's most recent valuation in May. OpenAI established a similar nonprofit foundation in twenty twenty five.
In short
Anthropic announced plans to establish a Public Benefit Fund using company shares to support nonprofits and public-interest initiatives, pending stockholder approval.
