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Anthropic to commit 5% stake to new 'public benefit fund'
AI lab Anthropic, the developer of Claude, said on Sunday it will commit 5% of its shares to a new public benefit fund so it has increased flexibility and scale to make donations for the “public good”. The proposed fund would be established as a wholly owned limited liability company and would receive an additional 2% of Anthropic’s shares, at the board’s discretion, for every 50% increase in the company’s value above a baseline that has yet to be disclosed. The move comes at a time when Anthropic is planning one of the biggest IPOs in history as a public benefit corporation, a legal structure...
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