Equity held by the fund is barred from being used for political donations or lobbying. The move follows separate pledges by Anthropic co-founders to donate 80% of their equity, while approximately half of the company's employees have contributed shares through a matching program. The AI firm will provide further details on the fund's legal structure and progress in an upcoming report.
Tuesday, October 20, 2026
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Anthropic Pledges 20% of Shares to New Public Benefit Fund
Business2 days ago
The company is creating a new entity to facilitate grants to nonprofits and cash payments to individuals as a way to counter the disruption caused by automation. This initiative, combined with equity pledges from co-founders and staff, allocates roughly 20% of the firm's total shares to the public good. The new fund specifically starts with a 5% stake and can grow by 2% for every 50% increase in valuation above a set baseline, depending on board approval.
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