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Anthropic Sets Up Public Benefit Fund to Tackle AI’s Future Impact

Anthropic is creating a new public benefit fund aimed at supporting projects that could help society deal with the challenges emerging from rapid advances in artificial intelligence. The initiative, called the ‘Anthropic Public Benefit Fund’, will initially receive 5 per cent of the company’s shares.

The company says the fund will have a structure that allows its shareholding to grow as Anthropic’s valuation increases. According to the company, the fund is a wholly owned entity within Anthropic and will receive an additional 2 per cent of shares for every 50 per cent increase in the company’s value above an undisclosed baseline. However, these additional allocations will be subject to stakeholder approval.

Anthropic is also preparing for an IPO before the end of this year, potentially at a $2 trillion valuation. Following its latest funding round in May, the Claude maker reached a market cap of $965 billion.

The company has said that none of the equity held by the fund will be used for lobbying or political donations in the US or elsewhere. Including the latest commitment, Anthropic estimates that roughly 20 per cent of its shares will eventually be dedicated to public benefit, excluding any additional shares linked to future valuation milestones.

What will the Anthropic Public Benefit Fund do?

In a blog post, Anthropic said its existing status as a public benefit corporation (PBC) already requires it to focus on developing advanced AI models responsibly. The new fund, however, is intended to give the company greater flexibility to support a wider range of social initiatives.

“The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways: for example, we might explore large donations to traditional nonprofits or direct distributions to specific populations,” the company said.

One of the fund’s potential areas of focus will be the disruption AI could cause to employment. Anthropic said it has already committed $200 million towards studying and addressing job disruption and displacement linked to AI.

“AI may generate enormous economic value, but it could also cause instability for many workers,” it said. “Given the pace of AI progress, bolder approaches may be needed. The Fund will have the versatility to pursue them.”

Anthropic said it will provide more information about the fund’s governance structure and valuation milestones in the coming months.

The announcement comes as concerns over AI’s impact on jobs, safety and society continue to grow. Anthropic CEO Dario Amodei has previously described the industry’s growing public distrust as “fundamentally a crisis of trust.”

AI safety has also become a major issue within the industry. Former Anthropic researcher Jacob Coxon has warned about the risks posed by advanced AI, saying, “no other human activity poses this level of danger (as AI).”

With debates over AI regulation and frontier-model safety intensifying, Anthropic’s latest move signals an attempt to prepare for some of the wider economic and social consequences that could accompany increasingly powerful AI systems.