Anthropic commits 5% of shares to public benefit fund ahead of potential $1tn IPO

Anthropic has committed 5% of its shares to a public benefit fund, ahead of a potential $1tn listing.

• Anthropic announced it will commit 5% of its shares to a public benefit fund for the public good.
• The fund's shares will not be used for lobbying or political donations in the US or overseas, Anthropic said.
• Anthropic said the fund could support nonprofits and efforts to address AI's impact on the jobs market.
• Elon Musk responded on social media: "I recommend giving the shares directly to the public."
• The shares will be held in a new 'Anthropic Public Benefit Fund' that can make large charitable donations or provide direct financial aid to specific groups.
• Anthropic said it will add an additional 2% of its shares for every 50% increase in the company's value.
• The announcement comes as Anthropic prepares for a potential initial public offering at a valuation exceeding $2 trillion.