Anthropic PBC has announced the creation of the Anthropic Public Benefit Fund, a new entity within the company. The artificial intelligence firm is committing 5% of its shares to the fund, with the potential for the amount to increase as the value of those shares grows.
The fund is designed to address the public good, specifically focusing on mitigating the impact of artificial intelligence on the labor market. To achieve this, the fund may provide nonprofit donations and direct distributions to populations affected by AI-driven labor disruptions.
Established as an LLC to ensure greater flexibility in how the money is used, the initiative comes as the maker of Claude prepares for a blockbuster stock market listing.