Anthropic says it will commit 5% of shares to 'public benefit' fund

Anthropic says it will commit 5% of shares to'public benefit' fund Share Anthropic says it will commit 5% of shares to'public benefit' fund on social media Anthropic has pledged to commit 5 percent of its shares to a new fund dedicated to the public good, with plans to increase the contribution as the artificial intelligence giant's market value grows. The creator of the AI assistant Claude announced the new "Anthropic Public Benefit Fund" on Sunday as tech firms face intense scrutiny over the potential dangers posed by the frontier technology. "Because of the way the Fund is structured, the more Anthropic grows, the larger the share of the company that can be dedicated expressly to the public good," the San Francisco-based firm said. "It is common practice for tech companies to offer escalating compensation awards to their executives. We are instead directing that equity to the public benefit."