Tech News
← Home  ·  All topics

Long Term Benefit Trust

1 GoKawiil brief on this topic

Anthropic to keep Long-Term Benefit Trust in control ahead of $2 trillion IPO

Anthropic plans to preserve the authority of its Long-Term Benefit Trust, a small outside group that appoints most of its board, even as it pursues a public listing that could value the AI company at up to $2 trillion. The trust, currently chaired by Neil Buddy Shah and including Ben Bernanke and Richard Fontaine, holds no shares but has already selected four of Anthropic's seven directors, including Reed Hastings and Vas Narasimhan.