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Anthropic commits 5% of its stock to a new ‘public benefit’ fund and may give large donations to traditional nonprofits or to specific populations

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Anthropic commits 5% of its stock to a new ‘public benefit’ fund and may give large donations to traditional nonprofits or to specific populations

Anthropic said Sunday it is committing 5% of its shares to a new “public benefit” fund, with the fund’s worth potentially increasing as its shares grow in value.

The shares will go to the Anthropic Public Benefit Fund, a new entity within the company.

The fund “will have increased flexibility and scale, enabling us to pursue our mission in new ways: for example, we might explore........

© Fortune