AI
Anthropic pledges 5% of its equity to a public benefit fund
Subject to stockholder approval, Anthropic will place 5% of its shares in a wholly owned LLC called the Anthropic Public Benefit Fund, with the board allowed to add 2% for every 50% increase in company value above an undisclosed baseline. Anthropic says the vehicle can make large grants or direct payments to particular groups, naming workers displaced by AI. Counting co-founder pledges and employee matching, the company puts about 20% of its equity behind public benefit.