Anthropic Pledges 5% Equity Stake to Newly Established Public Benefit Fund

Anthropic announced on Sunday that it will contribute 5% of the company's shares to the newly established Anthropic Public Benefit Fund, a commitment subject to shareholder approval; each time the company's valuation grows by 50%, the board of directors may, at its discretion, add a further 2% of shares, with the baseline valuation not yet disclosed. The fund is registered as a limited liability company wholly owned by the company; its funds may be used to make donations to nonprofit organizations or to distribute directly to specific groups of people, and its shareholdings may not be used for lobbying or political contributions. Together with the 80% of their shareholdings that the founders previously pledged to donate, the shares Anthropic devotes to public benefit total approximately 20%.