Anthropic to commit 5% of its shares to new public benefit fund
· 50-word read
In 50 words
Anthropic announced on 18 October it is creating a public benefit fund backed by 5% of its shares, TechCrunch reported. It may add 2% for every 50% rise in its value. The company said it will share governance details in the coming months.
Why it matters
The move comes as the AI industry faces increasingly negative public sentiment, which Anthropic's CEO has called a crisis of trust, according to TechCrunch.
What's next
Anthropic said it will share more information about the fund's structure and governance in the coming months.
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Sources
- TechCrunchView original →
