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The
shares will go to the Anthropic Public Benefit Fund, a new
entity within the company.
The fund “will have increased flexibility and scale, enabling us
to pursue our mission in new ways: for example, we might explore
large donations to traditional nonprofits or direct
distributions to specific populations,” Anthropic said in a blog
post. It gave labor market impacts as an example, saying that
while it has already committed $200 million to study the effects
of artificial intelligence, “given the pace of AI progress,
bolder approaches may be needed.”
CEO Dario Amodei and the company’s five other cofounders
established Anthropic as a public benefit corporation, a
designation that for-profit companies select to balance
financial goals and social impact.
They have also pledged that they will donate 80% of their
wealth. An equity donation match program, in which about half of
the company's employees participate, lets workers pledge equity
that Anthropic matches.
When combined with Sunday’s announcement, Anthropic said roughly
20% of its shares will be dedicated to the “public good,” plus
any additional percentage that could be added if the company’s
valuation reaches specific milestones.
Anthropic is planning a massive initial public offering as soon
as November.
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