Source: Anthropic
Summary
Today, we’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows. Subject to stockholder approval, 5% of Anthropic’s shares will be committed today, with an additional 2% added at the board’s discretion for every 50% increase in the company’s value above a set baseline.
As a public benefit corporation, most of our work in pursuit of our mission takes place inside the company: research relevant to AI safety and interpretability; applied biomedical research; discounts on Claude for nonprofits and scientific institutions. These activities have both a public benefit component and for-profit value, so we house them directly in the company.
The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways: for example, we might explore large donations to traditional nonprofits or direct distributions to specific populations.
One example is labor market impacts. AI may generate enormous economic value, but it could also cause instability for many workers. Anthropic has already committed $200 million to studying and addressing this issue, but given the pace of AI progress, bolder approaches may be needed. The Fund will have the versatility to pursue them.
We’re establishing the Anthropic Public Benefit Fund as a wholly-owned LLC—rather than a 501(c)(3) or other format—to give adjustability between different forms of givi