{
  "id": 15642074,
  "title": "Anthropic commits 5% stake to 'public benefit fund' amid growing AI backlash",
  "url": "https://urgent.news/2026/10/19/anthropic-commits-5-stake-to-public-benefit-fund-amid-growing-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-19T18:27:54.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/future/technology/2026/10/19/anthropic-public-benefit-fund-elon-musk/"
  },
  "original_language": "en",
  "account": "Anthropic, the developer of the Claude AI, has committed 5% of its shares to a \"public benefit fund\" amid growing backlash towards artificial intelligence. The company also announced that it may add an additional 2% of shares to the fund for every 50% increase in the company's value above a certain baseline. Elon Musk, CEO of Tesla, has promised to give a share of his SpaceX company to \"every kid in America\" next year. The fund, which would require shareholder approval, aims to provide flexibility and scalability in making donations to traditional non-profits or specific populations. The company is planning one of the largest IPOs in history and may be set to launch as a public benefit corporation in November.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Anthropic plans to commit 5% of its stock to a new public benefit fund",
        "url": "https://urgent.news/2026/10/19/anthropic-plans-to-commit-5-of-its-stock-to-a-new-public-benefit-fund",
        "published": "2026-10-19T11:30:29.000Z"
      },
      {
        "outlet": "City AM",
        "title": "Musk and Anthropic seek to temper AI backlash with billion-dollar giveaways",
        "url": "https://urgent.news/2026/10/19/musk-and-anthropic-seek-to-temper-ai-backlash-with-billion-dollar",
        "published": "2026-10-19T14:25:09.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "Anthropic commits 5% stake to 'public benefit fund' amid growing AI backlash",
        "url": "https://urgent.news/2026/10/19/anthropic-commits-5-stake-to-public-benefit-fund-amid-growing-ai-15642103",
        "published": "2026-10-19T18:27:54.000Z"
      }
    ]
  },
  "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."
}