Anthropic Pledges 5% Of Its Shares To Public Benefit Fund -- Here's How It Works

Anthropic said it will dedicate at least 5% of its shares to a new Anthropic Public Benefit Fund, pending stockholder approval, as the Claude AI maker prepares for an IPO that reports suggest could be among the largest ever, possibly as soon as November. In a Sunday blog post, the company said the fund could also receive an additional 2% of shares each time Anthropic’s value rises 50% above a baseline set by the board. The company described the structure as a wholly owned limited liability company aimed at donations and direct distributions, and said it will not use equity for political donations or lobbying in any country. Cofounders’ prior equity pledges total 80%.