“this post announced what could be the largest commitment of philanthropic capital…”
Kevin Roose @kevinrooseX
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this post announced what could be the largest commitment of philanthropic capital ever made ($200 billion if Anthropic goes public at $1 trillion, which is probably conservative)
the first reply I saw asked if Anthropic was going to use it for “gay race communism”
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.