Urgent.News

What's breaking now, across thousands of outlets.

AI

Anthropic wants it both ways: public money and private control

Dario Amodei and his cofounders will be happy to sell you shares in their AI giant. But you won't get a voice in the way they run their company.

Anthropic, the AI company, is set to go public while maintaining effective private control. CEO Dario Amodei and six cofounders will hold 50.1% of voting shares, while a trust appointed by the company can appoint four of the seven directors. This structure aims to keep public investors out of major decisions. The founders and the trust have a close relationship, as Anthropic funds and staffs the trust.

This setup allows founders to insulate themselves from short-term investor goals, but also limits the influence of public investors on the company's direction. The company's focus on developing potentially dangerous AI reinforces its desire for tight control.

Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at businessinsider.com →

More in AI

More from Monday 26 October →