Anthropic Establishes $100 Billion Public Benefit Fund

Anthropic, the developer of the Claude chatbot, has announced the allocation of 5% of its shares to a new fund named the 'Anthropic Public Benefit Fund.' This stake could be valued at around $100 billion if the company reaches a $2 trillion valuation, which investors are aiming for ahead of a potential IPO. Anthropic plans to dedicate about one-fifth of its shares for public benefit purposes, with founders pledging to donate 80% of their stakes. Michael Moody, a philanthropy studies professor, suggests this could be one of the largest stories in corporate philanthropy history.