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Ahead of IPO, AI firm Anthropic announces a new ‘public benefit fund’ to commit 5% of its stocks: What we know

Ahead of IPO, AI firm Anthropic announces a new ‘public benefit fund’ to commit 5% of its stocks: What we know

·Excerpt
Ahead of IPO, AI firm Anthropic announces a new ‘public benefit fund’ to commit 5% of its stocks: What we know
Image: Anthropic plans to commit 5% of its shares to a public benefit fund, subject to stockholder approval(Agencies)

Artificial intelligence (AI) firm Anthropic on Sunday (local time) announced that it will commit roughly five per cent of its shares to a new "public benefit" fund, whose value could rise alongside the company’s share price.Anthropic Public Benefit Fund: What we knowThe shares will go to the "Anthropic Public Benefit Fund", a new entity within the company, the AI firm announced in a blog post. Anthropic added, "Today, we’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit…

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