Anthropic Says New Fund Would Hold 5% of Equity, About $48 Billion
Summary
Anthropic says its new Public Benefit Fund, an LLC, would hold 5% of the company's equity if shareholders approve, about $48 billion at its May valuation. Anthropic says each 50% gain in value past a baseline could add 2%. It also reports junior technical hires fell to 9% from 27%.
Key Points
- Anthropic says the fund could direct distributions to specific populations rather than sending stock to lobbying or politics.
- Anthropic ties the fund to AI's toll on workers, building on $200M it committed in June to study job disruption.
- Anthropic says about 20% of its shares now sit for public good, including the co-founders' 80% pledge and staff donation matches.