AI NewsWaveAnthropic to Put 5% of Shares Into Public Benefit Fund to Address AI Job Shock
Key points
- Anthropic to contribute 5% of shares to public benefit fund
- Plan for additional contributions as company value rises
- Response to job changes from the spread of AI
Anthropic, the developer of the AI model Claude, will contribute 5% of its shares to a public benefit fund. According to AI Times, Anthropic is also pursuing a plan to increase the fund's stake as its corporate value rises. Chosun Biz and iNews24 reported that Anthropic announced this on Oct. 18 (U.S. time), and iNews24 wrote that it did so through its official blog.
According to Chosun Biz, Anthropic will contribute 5% of its shares to the "Anthropic Public Benefit Fund" after shareholder approval. Each time the company's value rises 50% above a set baseline, it will contribute an additional 2% at the board's discretion.
On the purpose, AI Times reported that the aim is to return the economic benefits created by AI to society and to respond to job changes and labor market shocks from the spread of AI. IT Chosun, citing Bloomberg on Oct. 19 (U.S. time), reported that the move ahead of an initial public offering (IPO) is meant to address social concerns such as job losses from the spread of AI.