#anthropic Tech News.
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Anthropic announced Sunday it plans to launch a massive benefit fund with 5% of its shares. The pledge amounts to $100 billion if the company reaches a $2 trillion IPO value. The fund will be a wholly owned LLC dedicated to flexible capital and measurable impact rather than traditional donations.
Anthropic announced Sunday a plan to commit 5% of its shares to a new public benefit fund addressing AI job impacts. The company cited third-quarter revenue of $16.8 billion ahead of its planned November IPO, while Elon Musk recommended giving shares to the public. Fund receives another 2% of shares at board discretion.
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