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Anthropic commits 5% of shares to Public Benefit Fund, total ~20% with pledges

#anthropic#ai-governance#public-benefit-fund#long-term-benefit-trust

Anthropic announced it will commit 5% of its shares to the Anthropic Public Benefit Fund, a new entity whose stake increases as the company grows, with an additional 2% per 50% valuation rise. Combined with co-founder and staff pledges, the total reaches approximately 20%. The Wall Street Journal separately reported on the company's opaque Long-Term Benefit Trust, whose five trustees own no equity but hold significant influence over the company.

Coverage timeline

  1. Techmeme
    Anthropic says it's committing 5% of its shares to a Public Benefit Fund, for a total of ~20% with co-founder and staff pledges, plus 2% per 50% valuation rise (Anthropic)

    Anthropic : Anthropic says it's committing 5% of its shares to a Public Benefit Fund, for a total of ~20% with co-founder and staff pledges, plus 2% per 50% valuation rise — Today, we're committing a portion of Anthropic's shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows.

  2. TechCrunch AIAnthony Ha
    Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’

    Anthropic said that it will commit 5% of its shares to the fund.

  3. Techmeme
    A look at Anthropic's Long-Term Benefit Trust, an unusual, opaque five-member trust whose trustees own no equity and hold enormous sway over the company (Theo Francis/Wall Street Journal)

    Theo Francis / Wall Street Journal : A look at Anthropic's Long-Term Benefit Trust, an unusual, opaque five-member trust whose trustees own no equity and hold enormous sway over the company — AI company has shared few details on the dynamics of the five-person trust empowered to shape its board and block major moves

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