Anthropic in Surprising Announcement: 5% of Shares to Be Allocated to a Public Fund

Anthropic announced it will allocate 5% of its shares to a public fund that will support nonprofit organizations and address the impact of artificial intelligence on the job market. The company is preparing for a possible IPO on Nasdaq in November, with an estimated valuation of up to $2 trillion. Elon Musk responded and suggested transferring the shares directly to the public.

Anthropic, the artificial intelligence company behind the Claude model, announced it will allocate 5% of its shares to a fund that will contribute to public causes. The fund will focus on supporting nonprofit organizations and addressing the impact of artificial intelligence on the job market. Additionally, the fund may receive an additional 2% of shares subject to board approval. The company emphasized that the shares will not be used to finance lobbying or political donations. The announcement comes as the company prepares for a possible IPO on Nasdaq in November, which could give it a valuation of up to $2 trillion. Last week, the company reported a 45% surge in revenue to $16.8 billion in the third quarter. Elon Musk responded and suggested transferring the shares directly to the public.