Anthropic wants to set aside five percent of its shares for workers AI might replace
Anthropic wants a new fund, backed by five percent of its shares, that could give to charities or pay people directly if AI costs them their jobs.
Anthropic wants to move five percent of its shares into a new group called the Anthropic Public Benefit Fund, The Decoder reports. Shareholders still need to approve it. The fund would make large gifts to nonprofits. It could also study direct payments to "certain populations." Its main focus is job losses from AI.
Anthropic is setting the fund up as a subsidiary it fully owns, not as a nonprofit. Anthropic says this gives it more freedom. It also promises the money will not go to lobbying or political gifts. Anthropic's board decides whether the fund gets extra shares. Anthropic has not said what would trigger them.
Elon Musk replied on X that Anthropic should give the shares straight to the public. He says he will give one SpaceX share to each of about 72 million US children next year.
From the sourceRead the original at The Decoder →Anthropic names direct payments as an option, which Google's AI Opportunity Fund does not. That fund teaches AI skills. Anthropic also keeps control of its fund, while OpenAI's foundation appoints the board of OpenAI Group.
The facts
- Anthropic wants to give five percent of its shares to a new Anthropic Public Benefit Fund, and shareholders must still approve it.
- The fund would either make large donations to traditional nonprofits or explore direct payouts to "certain populations."
- Anthropic has already committed $200 million to research the effects of AI on the job market.
- The fund is a wholly owned LLC subsidiary rather than a tax-exempt nonprofit, and Anthropic promises not to use its money for lobbying or political donations.
- Extra share top-ups for the fund are at the board's discretion, and Anthropic has not said which milestones would trigger them or how the fund will be governed.
- Google's AI Opportunity Fund aims to teach basic AI skills around the world and does not include direct payments to affected people.
- The OpenAI Foundation holds 26 percent of the for-profit OpenAI Group and appoints its board.
- Elon Musk said he plans to give one SpaceX share, worth about $146, to each of roughly 72 million US children next year, a total of about $10.5 billion.
Sources
- The Decoder: Anthropic cushions its upcoming IPO with a discretionary fund for workers its models might replace
Published
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