Anthropic invests 5% of its shares in a public benefit fund. The company has already set aside US$ 200,000,000 to deal with job changes caused by AI. The initiative is part of a larger effort to raise the company's visibility.

The company, developer of the Claude chatbot, has created an entity under its control to donate to NGOs (ONGs) or distribute funds directly to communities. The initiative is part of a larger effort to raise the company's profile and respond to criticism about AI's impact on the job market. The money will be used for donations, studies on AI's impact on the job market and public initiatives.

The fund will not finance political activities. Anthropic has pledged to donate 80% of the co-founders' shares and employee contributions, totaling about 20% of the shares, for public purposes. The decision comes amid public criticism of the AI industry, with CEO Dario Amodei describing the situation as a 'crisis of trust'. The company, which plans to go public in November, also discussed the need to pause the acceleration of AI development. The move is a direct response to social pressure and a way of aligning the company with a model of social responsibility.

Public fund may grow as the company's value rises

The fund is an entity controlled by the company and can increase by 2% for every 50% rise in valuation. This means that, as the company grows, the fund gains more resources to help people and organizations. This shows that the company is engaging with the social impact of AI, even in the face of public criticism of the industry.

Anthropic, developer of the Claude chatbot, announced a public benefit fund that can grow with the company's value. The fund's availability for projects in Brazil has not yet been confirmed. Shareholder approval has not yet been determined. Anthropic is already in talks about a possible initial public offering, which could be one of the largest in history. The initiative aims to raise the company's visibility and demonstrate a commitment to the social impact of AI.

With information from olhardigital.com.br, thenextweb.com and techcrunch.com.

Sources

  1. Anthropic destinara 5 de suas acoes a fundo de beneficio publicoolhardigital.com.br
  2. Anthropic public benefit fund 5 percent sharesthenextweb.com
  3. Anthropic says its committing 5 of its shares to a public benefit fundtechcrunch.com
  4. Ai firm anthropic to commit shares to fund for public goodtheguardian.com
  5. techmeme.com

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