Anthropic Commits 5% Of Its Shares For Public Benefit, Elon Musk Says 'Give All Shares To The Public'
Anthropic said that it plans to commit 5 percent of its shares to a new Anthropic Public Benefit Fund, with the stake able to grow as the company's valuation rises. Elon Musk responded on X within hours, saying he recommends giving the shares straight to the public instead. What Anthropic announced The initial 5 percent commitment is subject to stockholder approval, according to CNBC. The board…
Anthropic has announced a plan to set aside 5% of its shares in a new fund aimed at benefiting society. The stake could expand if the company's valuation increases. Elon Musk, on the social media platform X, suggested that the shares should be given directly to the public rather than being held in the fund. The 5% initial commitment requires shareholder approval.
The board may allocate an additional 2% for every 50% rise in Anthropic's value above a certain undisclosed threshold. Anthropic plans to disclose more details about the fund's governance, structure, and valuation criteria in the coming months, and will publish a report on its progress.
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