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Anthropic plans to establish a public benefit fund and allocate 5% of its shares to it, subject to shareholder approval. The fund is intended to support nonprofit donations, direct grants to specific groups, and measures addressing AI’s impact on workers. The company says the fund’s equity will not be used for political lobbying or donations.
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Anthropic says the fund will be a wholly owned entity within the company to support projects for societal good. It plans to commit 5% of its shares, with the option to add 2% for every 50% increase in its value. Possible uses include large donations to traditional nonprofits or direct distributions to specific populations; the company says it will share details of the fund’s structure and governance in the coming months.
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Anthropic plans to establish a public benefit fund and allocate 5% of its shares to it, subject to shareholder approval. The fund is intended to support nonprofit donations, direct grants to specific groups, and measures addressing AI’s impact on workers. The company says the fund’s equity will not be used for political lobbying or donations.
Anthropic says the fund will be a wholly owned entity within the company to support projects for societal good. It plans to commit 5% of its shares, with the option to add 2% for every 50% increase in its value. Possible uses include large donations to traditional nonprofits or direct distributions to specific populations; the company says it will share details of the fund’s structure and governance in the coming months.