Anthropic is committing a portion of its shares to the Anthropic Public Benefit Fund, a new wholly owned entity.
The fund starts with 5% of its shares and can receive up to an extra 2% for every 50% increase in company value over a set baseline, subject to board discretion.
Including prior commitments, Anthropic says roughly 20% of its equity is dedicated to the public good, and the co-founders have pledged 80% of their equity to donations.
Between this and our prior commitments, roughly 20% of all Anthropic equity will be dedicated to the public good, and that commitment can grow as Anthropic grows.
We plan to use these funds to ensure more people can share in the benefits of AI, and to increase our ability to provide funding to deal with its risks.
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit. It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion. In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating a portion of their equity as part of a donation matching program we’ve run since our founding. In the post below, we share more details about our new fund. https://www.anthropic.com/news/public-benefit-fundView quoted post on X
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Source: Jack Clark · x.comPublished · added here
