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Anthropic proposes 5% public-benefit fund, tying equity to public good

Episode 139 Published 18 hours ago
Description

Anthropic would put 5% of its shares into a new, wholly owned LLC to support large donations or direct distributions, subject to stockholder approval. The board could add two percentage points after each 50% rise in company value above an undisclosed baseline, and Anthropic estimates roughly 20% of shares will support public benefit when combined with founders and employee commitments. The announcement bars lobbying and political contributions for the LLC but leaves governance, decision-makers and distribution rules unpublished; the recording lays out what remains unclear and why governance will determine the fund’s impact.

Read the full story: https://runtimewire.com/article/anthropic-public-benefit-fund-equity

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