Anthropic says it will commit 5% of its shares to 'public benefit fund'
The announcement comes as Anthropic lays the ground for a blockbuster stock market listing.
Artificial intelligence firm Anthropic has announced plans to set aside 5% of its shares in a public benefit fund dedicated to supporting nonprofit organizations and addressing the impact of AI on the job market. This move comes as the company prepares for a potential $1tn valuation in a forthcoming stock market listing.
The announcement follows Anthropic's disclosure of a 45% increase in revenue to $16.8bn (£12.6bn) in the three months to September, highlighting the growing financial significance of the AI industry. However, the surge in investment has also led to significant job cuts at many technology firms seeking to capitalize on AI advancements.
Anthropic's proposed fund would not be used for political lobbying or donations in the US or overseas. The company's CEO expressed a preference for directly offering shares to the public, echoing similar sentiments from technology mogul Elon Musk, who also commented on the matter via social media.
Written by urgent.news from BBC World's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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