Anthropic says it will commit 5% of its shares to 'public benefit fund'
Source: BBC ·
The announcement comes as Anthropic lays the ground for a blockbuster stock market listing.
From the source
Jack Clark, a co-founder and Head of Public Benefit of Anthropic Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the "public good". 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). The AI industry has come under intense scrutiny recently over safety concerns and fears about its impact on society and the economy. Anthropic reportedly said in its initial public offering (IPO) filing that AI could pose "catastrophic or existential risks to humanity". Anthropic said its proposed fund could support nonprofit organisations, and efforts to address AI's impact on the jobs market. None of the shares held by the the fund would be used for lobbying or political donations in the US or overseas, it added. Anthropic's Public Benefit Fund could also receive another 2% of the firm's shares at its board's discretion, the…