Anthropic’s new fund could help address AI’s impact on jobs and workers
Anthropic announced on Sunday that it intends to establish the Anthropic Public Benefit Fund, donating 5% of its shares to the entity. The company stated that, subject to stockholder approval, the fund will receive this initial stake and may earn an additional 2% for every 50% increase in the company’s value above an undisclosed baseline. This move aims to address job instability caused by AI, a…
Key points
- Anthropic plans to donate 5% of its shares to a new public benefit fund.
- The fund may earn an extra 2% for every 50% rise in company value.
- Anthropic’s IPO targets a valuation of up to $2 trillion.
The company noted it has already committed $200 million to studying and addressing these issues. Anthropic said it might explore large donations to traditional nonprofits or direct distribution to specific populations. This new commitment builds on earlier pledges by co-founders and employees, who had pledged to donate 80% of their equity holdings. Combined with the new fund, roughly 20% of Anthropic shares will be dedicated to the public good, with none of the fund’s shares to be used for lobbying or political donations.
The announcement comes as Anthropic prepares for an initial public offering, having released its prospectus in September. The IPO targets a valuation of up to $2 trillion. In the prospectus, the company warned that AI could pose catastrophic or existential risks to humanity. Elon Musk responded to the news on X, recommending that shares be given directly to the public, stating that this is what he would do.
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Anthropic’s new fund could help address AI’s impact on jobs and workers
economictimes.indiatimes.com · 19 October 2026
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