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Anthropic Sets Up Public Fund
Anthropic commits 5% of shares to a new public benefit fund, adding up to 2% per 50% valuation rise, roughly 20% total.
Key points
- Anthropic is committing 5% of its shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit.
- For every 50% increase in the company's value over a set baseline, Anthropic can contribute up to an extra 2%, subject to its board's discretion.
- Roughly 20% of Anthropic's shares are committed to the public good, and its co-founders have pledged to donate 80% of their equity.
- Around half of Anthropic's employees are donating a portion of their equity as part of a donation matching program.
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Original post
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit.
It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion.
In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating a portion of their equity as part of a donation matching program we’ve run since our founding.
In the post below, we share more details about our new fund.
https://t.co/XzDntVH0vH
What others are saying
2 moreTop replies on X
Reaction on X: Replies are largely skeptical or joking, questioning who "public" refers to, whether the 50% valuation trigger means trillions, and calling it a tax write-off. One reply calls the fund an elegant labor displacement hedge. No response from @AnthropicAI in the thread.
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From @preommr, @testingcatalog, @MTorygreen and others. Spam removed, with English and Chinese translations.
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