GoKawiilAnthropic to dedicate 5% of shares to public benefit fund for AI job disruption
Anthropic announced plans, pending shareholder approval, to commit 5% of its shares to a newly created public benefit fund structured as a wholly owned LLC. The board could add 2% more for every 50% rise in company valuation above an undisclosed baseline, with proceeds potentially funding large donations or new approaches to address AI-driven job displacement. The fund will not be used for lobbying or political giving, and comes as Anthropic reports $16.8 billion in third-quarter revenue ahead of a reported November IPO.