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r/technology · posted by Jon Appleseed✓
· 1h ago
Anthropic is committing 5% of its shares to a new Public Benefit Fund
anthropic.comInvesting in the public benefitWe’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows.https://www.anthropic.com/news/public-benefit-fund/1 comments
It needs stockholder approval, and the board can add 2% more each time the valuation rises 50% past a baseline. Counting the co-founder pledge and the employee match, they say about 20% of the company ends up going toward the public good. The fund is barred from lobbying and political giving. Curious how the governance shakes out.