Anthropic says it will commit 5% of its shares to 'public benefit fund
Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the .
Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the "public good".
Anthropic's Public Benefit Fund could also receive another 2% of the firm's shares at its board's discretion, the Claude developer said in a statement released on Sunday.
Anthropic reportedly said in its initial public offering (IPO) filing that AI could pose "catastrophic or existential risks to humanity".
Since then, the president has named the director of national intelligence Jay Clayton as the head of a new taskforce on AI which, he said, will co-ordinate government engagement with consumers, companies and "religious organizations".
The AI industry has come under intense scrutiny recently over safety concerns and fears about its impact on society and the economy.
Research by the International Monetary Fund (IMF) published in 2024 suggested that almost 40% of jobs around the world will be affected by AI , with that figure rising as high as 60% in advanced economies.
The announcement comes as Anthropic lays the ground for a potential blockbuster stock market listing that could value the firm at more than $1tn (£750bn).
Anthropic said its proposed fund could support nonprofit organisations, and efforts to address AI's impact on the jobs market.
Technology billionaire Elon Musk responded to the announcement on social media with: "I recommend giving the shares directly to the public." "This is what I will be doing," he added.
The bosses of two rival AI firms, Sam Altman of OpenAI and Musk, have both said they agree with Amodei's proposal for industry-wide deceleration and regulation, as well as independent monitoring of AI model development.
What happened
Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the "public good".
Anthropic's Public Benefit Fund could also receive another 2% of the firm's shares at its board's discretion, the Claude developer said in a statement released on Sunday.
What changed
Anthropic reportedly said in its initial public offering (IPO) filing that AI could pose "catastrophic or existential risks to humanity".
Since then, the president has named the director of national intelligence Jay Clayton as the head of a new taskforce on AI which, he said, will co-ordinate government engagement with consumers, companies and "religious organizations".
Who is affected
The AI industry has come under intense scrutiny recently over safety concerns and fears about its impact on society and the economy.
Research by the International Monetary Fund (IMF) published in 2024 suggested that almost 40% of jobs around the world will be affected by AI , with that figure rising as high as 60% in advanced economies.
Why it matters
The announcement comes as Anthropic lays the ground for a potential blockbuster stock market listing that could value the firm at more than $1tn (£750bn).
Anthropic said its proposed fund could support nonprofit organisations, and efforts to address AI's impact on the jobs market.
Response
Technology billionaire Elon Musk responded to the announcement on social media with: "I recommend giving the shares directly to the public." "This is what I will be doing," he added.
What security teams should do
The bosses of two rival AI firms, Sam Altman of OpenAI and Musk, have both said they agree with Amodei's proposal for industry-wide deceleration and regulation, as well as independent monitoring of AI model development.
Attribution
BBC News: Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the "public good".