| |
Anthropic is committing a portion of its shares to a newly created Anthropic Public Benefit Fund, with an initial 5% stake that can grow by an additional 2% for every 50% increase in company value above a baseline. The LLC-structured fund will support public benefit initiatives including labor market research, nonprofit grants, and scientific research, with approximately 20% of Anthropic's shares dedicated to public good when combined with existing commitments from co-founders and employees. The company is directing equity growth toward public benefit rather than executive compensation, pending stockholder approval.
Read Full Article →
← More Tech news