{
  "id": 15556616,
  "title": "Anthropic says it will commit 5% of its shares to ‘public benefit fund’",
  "url": "https://urgent.news/2026/10/18/anthropic-says-it-will-commit-5-of-its-shares-to-public-benefit-fund",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-18T23:24:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/anthropic-says-it-will-commit-5-of-its-shares-to-public-benefit-fund/"
  },
  "original_language": "en",
  "account": "AI company Anthropic has pledged to allocate 5% of its shares to a fund dedicated to \"public benefit.\" This move coincides with the firm's preparations for a potential stock market listing that could see its value exceed $1tn.\n\nAnticipating regulatory and societal concerns about AI, Anthropic disclosed in its IPO filing that the technology could pose \"catastrophic or existential risks to humanity.\" The proposed fund will primarily support nonprofit organizations, aiming to mitigate AI's impact on the job market.\n\nThe fund will also have the option to receive an additional 2% of the company's shares, at the discretion of the board. None of the shares in this fund will be used for lobbying or political donations in the US or abroad.\n\nTech entrepreneur Elon Musk responded to the announcement on social media, suggesting that shareholders should directly donate their shares to the public good. Anthropic's CEO has expressed agreement with this perspective.\n\nIn the three months leading up to September, Anthropic reported a 45% revenue increase to $16.8bn. Like other AI firms, it is actively positioning itself to generate substantial profits, despite the significant costs involved in AI development and infrastructure. Many in the tech industry have downsized their workforce following significant investments in AI, citing increased efficiency as the primary driver.\n\nThe International Monetary Fund (IMF) published a report in 2024 indicating that approximately 40% of jobs worldwide could be affected by AI, with the figure potentially rising to 60% in advanced economies.",
  "summary": "Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the \"public good\".",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "BBC Business",
        "title": "Anthropic says it will commit 5% of its shares to 'public benefit fund'",
        "url": "https://urgent.news/2026/10/19/anthropic-says-it-will-commit-5-of-its-shares-to-public-benefit-fund",
        "published": "2026-10-19T02:41:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}