Anthropic commits 5% stake to 'public benefit fund' amid growing AI backlash
Claude developer Anthropic has announced it is committing 5 per cent of its shares to a “public benefit fund” amid growing backlash over artificial intelligence. And Tesla boss Elon Musk has promised to give a share in his SpaceX company to “every kid in America” next year. AI start-up Anthropic said in a blog post the fund would be a wholly owned liability company and that it would receive an…
Anthropic, the company behind the Claude AI system, has announced it will dedicate 5% of its shares to a "public benefit fund". This move comes amid growing concerns over the rapid development and deployment of artificial intelligence technology. The fund will receive an additional 2% of shares for every 50% increase in Anthropic's value above a predetermined baseline.
The company plans to make use of this fund to support various causes, including research into the impact of AI on the labor market. Elon Musk, CEO of Tesla and SpaceX, has pledged a share in his SpaceX company to "every kid in America" next year, as part of a similar effort to benefit the public good. Musk's pledge has been valued at approximately $10.7 billion, based on the current share price of Anthropic.
Both Anthropic and Musk's actions reflect the increasing backlash against AI and the efforts of some of the biggest players in the field to give back to society.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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