Anthropic will allocate 5% of its shares to a fund that could finance projects to address job losses from AI, with the stake potentially growing as the company's value rises.
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01Summary
- 01The fund will initially receive 5% of Anthropic's shares, with an additional 2% possible for every 50% increase in the company's valuation above a baseline to be determined.
- 02The limited liability company structure allows flexibility in giving, including to nonprofits or direct distributions, but prohibits use for lobbying or political donations.
- 03Anthropic reported third-quarter revenue of $16.8 billion ahead of a planned IPO reportedly in November.
- 04A Pew Research Center report from August found 71% of US adults expect AI to reduce jobs over the next two years.
- 05Elon Musk suggested on X that the shares should be given directly to the public.
02Why it matters
This fund could directly affect workers whose jobs are disrupted by AI, offering retraining or compensation, and also shapes how a major AI company approaches its public responsibilities ahead of a stock market listing.
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