Press Space to continue
Anthropic could commit $200 billion in philanthropic capital
Press Space to continue
this post announced what could be the largest commitment of philanthropic capital ever made ($200 billion if Anthropic goes public at $1 trillion, which is probably conservative) the first reply I saw asked if Anthropic was going to use it for “gay race communism”
Anthropic@AnthropicAI6d ago
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit. It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion. In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating a portion of their equity as part of a donation matching program we’ve run since our founding. In the post below, we share more details about our new fund. https://www.anthropic.com/news/public-benefit-fund