{
  "id": 15642103,
  "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",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-19T18:27:54.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/future/technology/2026/10/19/anthropic-public-benefit-fund-elon-musk/"
  },
  "original_language": "en",
  "account": "Anthropic, the company behind the Claude AI system, has announced it will dedicate 5% of its shares to a \"public benefit fund\". This move comes amid growing concerns over the rapid development and deployment of artificial intelligence technology. The fund will receive an additional 2% of shares for every 50% increase in Anthropic's value above a predetermined baseline. The company plans to make use of this fund to support various causes, including research into the impact of AI on the labor market. Elon Musk, CEO of Tesla and SpaceX, has pledged a share in his SpaceX company to \"every kid in America\" next year, as part of a similar effort to benefit the public good. Musk's pledge has been valued at approximately $10.7 billion, based on the current share price of Anthropic. Both Anthropic and Musk's actions reflect the increasing backlash against AI and the efforts of some of the biggest players in the field to give back to society.",
  "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 Business",
        "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",
        "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."
}