Anthropic sets aside a slice of equity; Musk pledges shares too
Claude maker Anthropic will put 5% of its shares into a public benefit fund before its planned IPO. Elon Musk, head of SpaceX, first criticized the move, then vowed a SpaceX share for every American child.
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What happened
Anthropic, the developer of the Claude chatbot, said it will commit 5% of its shares to a new public benefit fund ahead of its planned stock market debut. Elon Musk, chief executive of SpaceX, then challenged the plan and later pledged to give a SpaceX share to every child in America.
Why it matters
The promises come as public opinion of AI has soured and worries about its economic impact are growing.
Timeline
- Oct 18, 2:18 PM ET: Anthropic announced that the fund would give it more flexibility and scale to make donations for the public good.
- Oct 18, 11:46 PM ET: Musk said Anthropic should hand shares directly to the public, and said he would do the same.
- Oct 19, 10:30 AM ET: Musk pledged to give a SpaceX share to every child in America, a day after Anthropic's announcement.
Coverage
- Musk, Anthropic outline dueling approaches to AI-era philanthropy (Lufkin Daily News)
- Tech money from Anthropic and SpaceX is transforming philanthropy, but will that cash benefit woke causes or real Americans? (New York Post)
- Opinion | Elon Musk Beats Anthropic on Giveaways (WSJ)
- Elon Musk, Anthropic pledge to give away billions of dollars in shares (siliconangle.com)
- Anthropic's 5% stock pledge raises big questions about who controls AI (Yahoo News)
- Anthropic's public benefit fund is positive step, says Plexo Capital's Lo Toney (CNBC)
- Why Elon Musk, Anthropic and other AI titans are giving away shares (marketwatch.com)
- Anthropic starts public benefit fund: Here's what you need to know (CNBC)
- Anthropic To Invest 5% of Shares to Its Public Benefit Fund (aimagazine.com)
- Elon Musk and Anthropic make promises to give the public a piece of the AI pie (NBC News)
- Elon Musk pledges to give a SpaceX share to ‘every kid in America' (AP)
- Anthropic's IPO plan includes a 5% stock pledge. Who benefits? (Yahoo News)
- Anthropic commits 5% stake to new 'public benefit fund', Musk argues for direct share donations to kids (centraloregondaily.com)
- Stocks bounce back, Anthropic's "Public Benefits", and Musk's promise to American kids (Yahoo News)
- Anthropic plans fund for workers threatened by AI, Musk counters with SpaceX shares for children (the-decoder.com)
- Anthropic cushions its upcoming IPO with a discretionary fund for workers its models might replace (the-decoder.com)
- AI firm Anthropic to commit 5% of shares to fund for ‘public good’ (The Guardian)
- Anthropic Public Benefit Fund: What It Means for Workers (techloy.com)
- Anthropic fund to help workers impacted by AI job disruption (Fox News)
- Anthropic Public Benefit Fund to target 'public good' (siliconrepublic.com)
- Anthropic’s 5% fund pledge leaves control and payouts unresolved (techi.com)
- Anthropic's 64 Trillion Won Public Interest Fund (Seongmin K)
- What smart people are saying about Anthropic's 5% pledge (businessinsider.com)
- AI company says it will commit small percentage of stock to 'public benefit' fund (washingtonexaminer.com)
- 'This Is What I Will Be Doing’: Elon Musk Says He’ll Give Shares To The Public After Anthropic Announces 5% Fund (Yahoo News)
- Anthropic IPO: Musk Wants AI Firm To Hand Shares Directly To Public, Says 'This Is What I Will Be Doing' (stocktwits.com)
- Anthropic’s 5% Pledge Opens a Bigger Conversation About Sharing AI’s Wealth (kingy.ai)
- Anthropic commits 5% of shares to ‘public benefit’ fund (Financial Times)
- Who benefits from AI’s wealth? Anthropic sets aside 5% stake for public good (firstpost.com)
- Anthropic Public Benefit Fund: Start Date, Equity and Eligibility (kingy.ai)
- Anthropic pledges 5% of shares to new public benefit fund (Anadolu Agency)
- Anthropic commits 5% of shares to new public benefit fund that could address AI job disruption (CNBC)
- Anthropic Plans to Commit 5% Stake to Public-Benefit Fund to Address AI Job Disruption (en.bloomingbit.io)
- Artificial intelligence (AI) company Antropics, which is about to go public (IPO), has decided to co.. (맹성규)
- Anthropic Pledges $48 Billion in Stock Before Its IPO: What Does It Mean for Buyers? (Yahoo News)
- Anthropic plans to set aside 5% of shares for public benefit fund before IPO (seekingalpha.com)
- Anthropic commits 5% of shares to new public benefit fund (Investing.com)
- Anthropic to commit 5% stake to new ‘public benefit fund’ (Reuters)
- Anthropic and Musk pledge shares as AI firms race for funding
- Investors question Anthropic's hidden power structure before IPO
- Anthropic and Musk pledge billions in shares as OpenAI races for funds
- Anthropic posts $16.8 billion quarter ahead of IPO
- Anthropic's IPO push puts underwriting fees in spotlight
- Anthropic's IPO valuation faces scrutiny as New York official urges delay
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