AI LAB Anthropic, the developer of Claude, said on Sunday it will commit 5% of its shares to a new public benefit fund so it has increased flexibility and scale to make donations for the “public good.”
The proposed fund would be established as a wholly owned limited liability company and would receive an additional 2% of Anthropic’s shares, at the board’s discretion, for every 50% increase in the company’s value above a baseline that has yet to be disclosed.
The move comes at a time when Anthropic is planning one of the biggest IPOs in history as a public benefit corporation, a legal structure that requires management to consider certain broader interests as well as turning a profit for investors.
The company, which has positioned itself as a safety-first AI lab, has said AI could pose “catastrophic or existential risks to humanity” and devoted roughly 80 pages of the 261-page main body of its prospectus to laying out risk factors.
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