Anthropic earmarks a twentieth of its shares for public benefit
The AI company says the stake could grow as its share value climbs, with estimates ranging from $48 billion to as much as $100 billion.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Anthropic said it will commit 5% of its shares to a new public benefit fund, and the sum could rise as its share value climbs. The fund has been put at about $48 billion, and as much as $100 billion, as the company prepares to list on the stock market.
Why it matters
The announcement comes amid concerns about the technology, and the company is preparing a stock market listing.
Timeline
- Oct 18, 7:37 PM ET: Anthropic announced it is committing 5% of its shares to a new public benefit fund.
- Oct 19, 6:47 AM ET: The giveaway was valued at $48 billion as the company prepared to list on the stock market.
- Oct 20, 2:00 AM ET: The value of the shares committed to the benefit fund was given as up to $100 billion.
Coverage
- Up to $100 Billion of Anthropic’s Shares to a ‘Benefit Fund’ (impakter.com)
- AI firm Anthropic to commit 5% of shares to fund for ‘public good’ (The Guardian)
- Anthropic commits 5% of its stock to a new 'public benefit' fund (The Washington Post)
- Anthropic commits 5% of shares to new public benefit fund that could address AI job disruption (CNBC)
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