Anthropic to commit 5% stake to new 'public benefit fund'

Anthropic to commit 5% stake to new'public benefit fund' Anthropic cited the potential impact of artificial intelligence on workers as one area of focus for its new fund. Artificial intelligence lab Anthropic, the developer of Claude, said on Sunday it would commit 5% of its shares to a new public benefit fund so it has increased flexibility and scale to make donations for the "public good." The proposed fund would be established as a wholly owned limited liability company and would receive an additional 2% of Anthropic's shares, at the board's discretion, for every 50% increase in the company's value above a baseline that has yet to be disclosed. The move comes at a time when Anthropic is planning one of the biggest initial public offerings in history as a public benefit corporation, a legal structure that requires management to consider certain broader interests as well as turning a profit for investors. The company, which has positioned itself as a safety-first AI lab, has said AI could pose "catastrophic or existential risks to humanity" and devoted roughly 80 pages of the 261-page main body of its prospectus to laying out risk factors.