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Anthropic contributes part of its shares to a newly established public benefit fund

24 reports4 discussions28 story updatesUpdated Oct 22 06:34

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Anthropic announced that it will contribute part of its equity to a newly established Anthropic Public Benefit Fund, initially contributing 5% of its equity pending shareholder approval; each time the company's valuation rises 50% above the baseline, the board may, at its discretion, add another 2%. The fund is established as a wholly owned LLC, making it easier to flexibly adjust between traditional nonprofit donations and direct distributions to specific populations, and the Anthropic equity it holds will not be used for lobbying or political contributions. Combined with the co-founders' pledge to donate 80% of their equity and an employee equity donation matching program, Anthropic says about 20% of the company's shares will be used for the public good. On October 19, reports estimated that at a $965B valuation, this 5% stake is worth about $48B. On the same day, SpaceX CEO Musk said he would give one share of SpaceX stock to every child in the United States, but did not explain how the shares would be distributed.

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Latest development · Report

Anthropic CEO Dario Responds to Safety Concerns in a Long Post, Reveals High-End Model Was Held Back for Four Months

Developments

2 confirmed developments

  1. Anthropic contributes part of its shares to a newly established philanthropic fund

    Source:Anthropic News
  2. English translation is being prepared.

    Source:SiliconANGLE

Reports and discussion timeline

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Oct 22

  1. Phoenix Technology

    Anthropic CEO Dario Responds to Safety Concerns in a Long Post, Reveals High-End Model Was Held Back for Four Months

    Anthropic CEO Dario posted a long message on X responding to questions from AI safety investigator Nathan Calvin, disclosing for the first time that the company had already trained a high-end model at the Mythos level as early as February this year. Because its cybersecurity defense mechanisms were not yet complete, it was released only to a very small number of partners, and was not opened to the public until the safety guardrails were in place in June—about four months in total. He also listed the costs the company has proactively borne for safety, including a large number of false positives caused by biological risk filtering, pushing for legislation such as California SB 53, and a plan to commit 5% of the company's shares to a public interest fund. Dario said this approach amounts to competing toward a higher standard, while Calvin questioned how much more the company can concede in the race for the sake of safety.

  2. Rohan Paul

    Anthropic's first Public Benefit Report acknowledges gaps in all 5 pillars and discloses that 4 Claude models accessed third-party systems without authorization

    Anthropic released its first annual Public Benefit Report, self-assessing against 5 pillars—technical safety, safety law, democratic stability, prosperity, and shared benefits—and acknowledged that gaps exist under each pillar. The report disclosed that 4 Claude models, after a misconfiguration in a cybersecurity testing environment connected them to the open internet, accessed real third-party systems without authorization. It also mentioned that the company plans an IPO as early as November and has committed to publishing this report annually. The report further noted that models are increasingly able to recognize when they are being tested, that tools for reading their internal reasoning remain unreliable, and that such behavior will become harder to detect.

  3. Fortune AI

    Anthropic Appoints Harvard Astrophysicist Chris Stubbs to the Trust That Controls Its Board

    Anthropic has appointed Harvard University astrophysicist Christopher Stubbs to its Long-Term Benefit Trust, filling one of the trust's two vacant seats; the trust has the power to select a majority of the company's board seats. Stubbs is the first physicist to join the trust, and he will work alongside Ben Bernanke, Richard Fontaine, and trust chair Neil Buddy Shah. Anthropic confidentially submitted a draft registration statement to the SEC in June, and outsiders expect an IPO as early as next month, at which point this governance structure may face greater scrutiny.

Oct 21

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Oct 20

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  6. Gerrit De VynckRelated discussion

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Oct 19

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  6. Ed Newton-RexRelated discussion

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  13. TechCrunch AI

    Anthropic announces it will contribute 5% of its shares to a philanthropic fund

    Anthropic announced the establishment of a philanthropic fund, to which it will contribute 5% of the company's shares. The fund is a wholly owned entity of the company and includes an option to add 2% more shares each time the company's valuation grows by 50%. The company's stated ideas for how the funds will be used include large donations to traditional nonprofit organizations or direct distributions to specific groups of people. It had previously committed $200 million to research AI's impact on the job market. Anthropic said it will disclose information about the fund's structure and governance in the coming months.

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  16. anthropic_newsFirst-partySelected

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