Anthropic's Public Benefit Fund will increase its stake in the company as its valuation rises.

Anthropic says it is committing 5% of its shares to a Public Benefit Fund, a wholly owned LLC that can't lobby, plus 2% for every 50% rise in its valuation (Anthropic) https://www.anthropic.com/news/public-benefit-fund http://www.techmeme.com/261018/p10#a261018p10

Anthropic has announced the Anthropic Public Benefit Fund, a wholly-owned LLC that will hold equity in the company and grow its stake as the valuation climbs. Subject to stockholder approval, 5% of shares are committed immediately, with the board able to add a further 2% for every 50% increase in value above a set baseline that has not been published. #AI #AIEthics #LLM #BigTech

#Anthropic is committing 5% of #shares to a new #PublicBenefitFund, with up to 2% added per 50% valuation rise, subject to approval. The wholly-owned LLC enables flexible giving; equity excludes lobbying. Combined with prior pledges, roughly 20% of shares support public benefit. https://www.anthropic.com/news/public-benefit-fund?AIagents.at #AIagent #AI #ML #NLP #LLM #GenAI

Anthropic has announced the Anthropic Public Benefit Fund, an LLC that starts with 5% of company shares and grows as valuation rises. The board can add 2% for every 50% increase above a set baseline. Governance details come later. Worth watching. #AI #AIEthics