Anthropic plans to put 5% of its shares in a public fund
Stockholders must still approve it. The board can add 2% more for every 50% rise in the company’s value above a baseline it has not published, and the fund may not pay for lobbying.
Anthropic said on October 18 that it will commit 5% of its shares to a new Anthropic Public Benefit Fund, if its stockholders approve. The fund is a company that Anthropic fully owns, not a charity. Business Insider puts the 5% at about $48 billion, based on Anthropic’s valuation in May.