Anthropic Pledges 5% of Shares to New Public Benefit Fund
Anthropic wants to buy goodwill with equity. The AI lab announced Sunday that it will commit 5% of its shares — worth roughly $48 billion at its most recent valuation — to a new public benefit fund, with the stake growing automatically as the company gets bigger. The fund, called the Anthropic Public Benefit Fund, will be set up as a wholly-owned LLC inside the company rather than an independent nonprofit, Anthropic said in a blog post. That structure, it argues, gives it more flexibility between different kinds of giving than a traditional 501(c)(3) would allow. ...