Anthropic is setting up public benefit fund to prepare for the instability AI could bring in future

Anthropic is setting up a public trust fund. Named Anthropic Public Benefit Fund, this fund will be responsible for supporting projects for societal good at a time when many are worried over AI's impact. To start things off, the company says it is committing 5 per cent of its shares towards the funds, with a structure that would increase this number as Anthropic’s valuation grows. According to Anthropic, the Anthropic Public Benefit Fund is a wholly owned entity within the company. While the fund gets 5 per cent of shares of the company at first, it will gain an additional 2 per cent for every 50 per cent increase in the company’s value above a baseline that has not been disclosed. Do note that this is subject to stakeholder approval.

First reported by India Today. This page is a short excerpt; the full text is theirs.