Investing in the public benefit

What it is

Anthropic's October 18 announcement proposes committing 5% of shares, subject to stockholder approval, to a wholly owned Public Benefit Fund LLC. An additional 2% may be added at the board's discretion for each 50% valuation increase above a baseline. Existing founder and employee pledges bring the stated total to roughly 20%. Fund equity will not be used for lobbying or political giving; governance details are still to come.

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