Anthropic will commit 5% of its shares to a public benefit fund, first reported by TechCrunch. The fund, a wholly owned entity within Anthropic, is intended to give the company increased flexibility and scale to support projects for societal good, with possible uses including large donations to traditional nonprofits or direct distributions to specific populations.
Anthropic set the initial commitment at 5% of its shares and has the option to contribute an additional 2% for every 50% increase in its value.
The company described possible uses in broad strokes, including large donations to traditional nonprofits or direct distributions to specific populations. Anthropic presented these as examples of how the fund’s money might be used.
Anthropic has already committed $200 million to study AI’s impact on the job market. The company said the pace of AI progress may mean bolder approaches are needed, and that the fund would have the versatility to pursue them.
The announcement comes as the AI industry faces increasingly negative public sentiment. CEO Dario Amodei has described that sentiment as “fundamentally a crisis of trust.”
The contribution formula gives a specific share-based amount, while the examples of potential uses remain broad in scope. Anthropic said it will share more information about the fund’s structure and governance in the coming months.
