Anthropic Plans to Put 5% of Its Shares in Public Benefit Fund

Anthropic proposed committing 5% of its shares to the Anthropic Public Benefit Fund on Oct. 18, subject to shareholder approval, establishing a potential source of nonprofit grants and direct distributions. Anthropic’s board may contribute another 2% of company shares for every 50% increase in its value above a set baseline. Including earlier pledges by its founders and an employee equity donation match program, the company estimates that roughly 20% of its shares would be dedicated to public benefit. That estimate includes commitments beyond the proposed fund stake.

Source: TokenPost