Business & Economy
AI firm Anthropic to commit 5% of shares to fund for ‘public good’
Source: Business | The Guardian · Published
The $48bn giveaway comes amid concerns about the tech and preparations for a stock market listing Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market
The $48bn giveaway comes amid concerns about the tech and preparations for a stock market listing Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing. The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline.
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