Anthropic will five percent of its shares in public benefit

Anthropic will put five percent of its shares into a public benefit fund The AI company Anthropic wants to put five percent of its shares into a new public benefit fund. The US corporation announced on Sunday that this stake can grow with increasing company valuation. The developer of Artificial Intelligence (AI) with its AI assistant "Claude" is currently planning one of the largest stock offerings in history as a "Public Benefit Corporation". This US legal form obligates the management to consider broader societal interests in addition to profit for investors. Anthropic positions itself as a pioneer in the field of safety and has repeatedly pointed out the risks of its AI models. For example, Anthropic warned that the technology could develop "self-preserving behaviors". The now announced "Anthropic Public Benefit Fund" is intended to support, among other things, donations to non-profit organizations, direct payments to certain groups of people, and measures to mitigate the impact of AI on employees. The fund's money will not be used for lobbying or political donations, it was said. Together with the new fund, about 20 percent of Anthropic shares are planned for public purposes. The fund is to be established as a wholly-owned subsidiary. For every increase of 50 percent above a yet-to-be-named base value, the board of directors can allocate another two percent of Anthropic shares to the fund. However, the condition for this undertaking is the approval of the shareholders.