Anthropic commits 5% of shares to a public benefit fund for AI job disruption
Original titleAnthropic commits 5% of shares to new public benefit fund that could address AI job disruption
Anthropic says it plans to commit 5% of its shares to a new public benefit fund, subject to shareholder approval, with the stake potentially rising as its valuation grows.
The fund may study and address AI-driven job disruption and displacement, and will be set up as a wholly owned limited liability company rather than a 501(c)(3) nonprofit.
Anthropic also told investors its third-quarter revenue is $16.8 billion ahead of a planned IPO reportedly slated for November.
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Source: CNBC · Technology · cnbc.comPublished · added here