From Carnegie to Claude: AI wealth could reshape philanthropy
Anthropic has said it would commit 5% of its shares to a public benefit fund, a stake that could be worth $100 billion when the firm goes public.
Washington - The rise of American wealth generated by artificial intelligence companies could lead to some of the largest charitable contributions since the time of Andrew Carnegie and John D. Rockefeller, prompting questions about the allocation of these funds. Anthropic, the company behind the Claude chatbot, has announced plans to commit 5% of its shares to a new Anthropic Public Benefit Fund, which could be worth approximately $100 billion if the company achieves the anticipated $2 trillion valuation when it goes public on the stock market, possibly as early as November.
This commitment, combined with pledges from the company's seven co-founders to donate 80% of their equity and a program that matches employees' donations, suggests that roughly a fifth of Anthropic's shares will be allocated to public-benefit purposes.
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- From Carnegie to Claude: AI wealth could reshape philanthropy freemalaysiatoday.com
