“Between this and our prior commitments, roughly 20% of all Anthropic equity will be…”
Jack Clark @jackclarkSFX
Archived text
Between this and our prior commitments, roughly 20% of all Anthropic equity will be dedicated to the public good, and that commitment can grow as Anthropic grows.
We plan to use these funds to ensure more people can share in the benefits of AI, and to increase our ability to provide funding to deal with its risks.
Quoting @AnthropicAI: 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.