Anthropic earmarks 5% shares for public benefit fund amid trust crisis
anthropic commits 5% of shares to a public benefit fund to support societal good projects, as ai industry faces growing public distrust.
anthropic announced a 'public benefit fund' to support projects for societal good, committing 5% of its shares to the fund. the fund is structured as a wholly-owned entity within the company, with the option to contribute an additional 2% for every 50% increase in anthropic's value. this move comes as the ai industry faces growing public distrust, with ceo dario amodei describing it as 'fundamentally a crisis of trust'. the fund will allow anthropic to pursue various approaches, including large donations to nonprofits or direct distributions to specific populations. anthropic has already committed $200 million to study ai's impact on the job market.