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Job Market Impact

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Anthropic commits 5% of its shares to new public benefit fund

Anthropic announced a 'public benefit fund,' a wholly-owned entity that will initially hold 5% of the company's shares, with an option to add 2% more for every 50% increase in Anthropic's valuation. The company said the fund could support large nonprofit donations or direct payments to specific populations, and pointed to AI's effect on jobs as one area it might address, alongside its existing $200 million research commitment on that topic. Anthropic said details on the fund's structure and governance will be released in coming months.