Anthropic creates Public Benefit Fund, commits 5% of shares with valuation-linked top-ups
Anthropic is establishing the Anthropic Public Benefit Fund as a wholly-owned LLC and, subject to stockholder approval, is committing 5% of its shares today with board-discretionary additions of 2% for every 50% increase in company valuation above a baseline. The fund will be used to scale public-benefit activities (e.g., donations, targeted distributions) while none of the equity held by the LLC will be used for lobbying or political giving; Anthropic says roughly 20% of shares will be dedicated to public benefit when combined with prior co-founder and employee pledges. The company also said it will give METR employee-like access to evaluate its models, is in talks with Hugging Face, and has opened an office in Singapore with an MOU with the government to advance safe AI adoption.