Anthropic contributes part of its shares to a newly established public benefit fund
Anthropic announced that it will contribute part of its equity to a newly established Anthropic Public Benefit Fund, initially contributing 5% of its equity pending shareholder approval; each time the company's valuation rises 50% above the baseline, the board may, at its discretion, add another 2%. The fund is established as a wholly owned LLC, making it easier to flexibly adjust between traditional nonprofit donations and direct distributions to specific populations, and the Anthropic equity it holds will not be used for lobbying or political contributions. Combined with the co-founders' pledge to donate 80% of their equity and an employee equity donation matching program, Anthropic says about 20% of the company's shares will be used for the public good. On October 19, reports estimated that at a $965B valuation, this 5% stake is worth about $48B. On the same day, SpaceX CEO Musk said he would give one share of SpaceX stock to every child in the United States, but did not explain how the shares would be distributed.
Anthropic announced that it will contribute part of its equity to a newly established Anthropic Public Benefit Fund, initially contributing 5% of its equity pending shareholder approval; each time the company's valuation rises 50% above the baseline, the board may, at its discretion, add another 2%. The fund is established as a wholly owned LLC, making it easier to flexibly adjust between traditional nonprofit donations and direct distributions to specific populations, and the Anthropic equity i
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