Anthropic commits 5% of its shares to a public benefit fund that grows with valuation
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Miles Brundage@Miles_BrundageXBrundage says Anthropic's 20% equity pledge figure is misleadingAIMiles Brundage says Anthropic's "roughly 20%" equity commitment is confusing, because the Anthropic Public Benefit Fund starts with 5% of shares and can add up to 2% more per 50% value increase over a baseline. He says the 20% figure does not come from that fund alone, and it refers to the whole package including co-founder pledges and employee donations rather than the fund's donation.
Andrew Curran@AndrewCurran_XAndrew Curran reads Anthropic's public benefit fund as a possible self-directed global UBIAIAndrew Curran reads Anthropic's new Public Benefit Fund as a possible form of self-directed global UBI, citing the fund's stated option of direct distributions to specific populations. He notes that about half of Anthropic's employees are donating shares to it, and says the company foresees a transformative future. The quoted Anthropic announcement says 5% of its shares are committed now, with up to an additional 2% added at board discretion for every 50% increase in company value above a set baseline.
Anthropic@AnthropicAIOfficialPickAnthropic commits 5% of its shares to a new public benefit fundAIAnthropic says it is committing 5% of its shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated to the public benefit. The company can add up to another 2% for every 50% increase in its value over a set baseline, subject to board discretion. Anthropic says roughly 20% of its shares are committed to the public good in total, including pledges from its co-founders and donations from about half its employees.
- Anthropic NewsroomOfficialPickAnthropic commits shares to a new public benefit fund that grows with company value
AIAnthropic is committing 5% of its shares to the newly established Anthropic Public Benefit Fund, subject to stockholder approval. The Fund's stake rises by an additional 2% at the board's discretion for every 50% increase in company value above a set baseline. The Fund is structured as a wholly-owned LLC and will not use its equity for lobbying or political giving. Anthropic says roughly 20% of its shares will be dedicated to the public good once combined with prior co-founder pledges and its employee equity donation match program.