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<\/a><\/p>\nPublished On 19 Oct 202619 Oct 2026<\/p>\n
Anthropic has pledged to commit 5 percent of its shares to a new fund dedicated to the public good, with plans to increase the contribution as the artificial intelligence giant\u2019s market value grows.<\/p>\n
The creator of the AI assistant Claude announced the new \u201cAnthropic Public Benefit Fund\u201d on Sunday as tech firms face intense scrutiny over the potential dangers posed by the frontier technology.<\/p>\n
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In a blog post, Anthropic said it was committing 5 percent of company shares with immediate effect, subject to stockholder approval, with an additional 2 percent to be added \u201cat the board\u2019s discretion\u201d for every 50 percent increase in the company\u2019s value.<\/p>\n
\u201cBecause of the way the Fund is structured, the more Anthropic grows, the larger the share of the company that can be dedicated expressly to the public good,\u201d the San Francisco-based firm said.<\/p>\n
\u201cIt is common practice for tech companies to offer escalating compensation awards to their executives. We are instead directing that equity to the public benefit.\u201d<\/p>\n
Anthropic said the fund could be used to make donations to traditional nonprofits, as well as \u201cdirect distributions to specific populations\u201d.<\/p>\n
It said labour market disruption due to AI could be among the causes addressed by the fund.<\/p>\n
\u201cAnthropic has already committed $200 million to studying and addressing this issue, but given the pace of AI progress, bolder approaches may be needed,\u201d the company said.<\/p>\n
\u201cThe Fund will have the versatility to pursue them.\u201d<\/p>\n
Anthropic, officially registered as a \u201cpublic benefit corporation\u201d in the US state of Delaware, said the fund would not be used for lobbying or political donations, either in the United States or overseas.<\/p>\n
Founded in 2021 by former employees of ChatGPT creator OpenAI, Anthropic is preparing for what could be the largest public initial offering in history. It is expected to list on the US stock market before the end of 2026, with analysts forecasting a valuation exceeding $2 trillion.<\/p>\n
The company\u2019s charter requires its leadership to balance shareholder returns with responsible AI development.<\/p>\n
The breakneck speed of AI development has prompted widespread anxiety about possible negative downstream effects on society, including the job market.<\/p>\n
In a report published last month, consulting firm\u00a0McKinsey estimated that up to 11 million American workers may need to switch careers over the next decade due to AI-driven automation.<\/p>\n","protected":false},"excerpt":{"rendered":"Claude creator says fund could used for donations to NGOs and \u2018direct distributions to specific populations\u2019. Published On…\n","protected":false},"author":2,"featured_media":938553,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,1686,49,48,46,44,61,772,1690],"class_list":["post-938552","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-business-and-economy","tag-ca","tag-canada","tag-economy","tag-news","tag-technology","tag-united-states","tag-us-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/938552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=938552"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/938552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/938553"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=938552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=938552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=938552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}