- Anthropic will commit 5% of its shares to a new Public Benefit Fund ahead of a potential IPO, with co-founders pledging 80% of their equity for public causes.
- Elon Musk responded by promising one SpaceX share to every child in the United States next year, a giveaway worth roughly $10.5 billion.
- The announcement follows a draft AI safety bill Anthropic pitched to lawmakers that would let the government block models posing catastrophic risk.
Anthropic, the company behind the Claude chatbot, said Sunday it will commit 5% of its shares to a new Public Benefit Fund. On Monday, Elon Musk answered by promising one SpaceX share to every child in the United States next year.
“The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways,” the company stated. The fund is structured as a wholly owned LLC rather than a nonprofit, giving it room to switch between types of giving.
Anthropic is preparing an IPO as soon as November at a reported valuation of around $2 trillion. At that price, 5% of the company would be worth roughly $100 billion on paper.
Musk, never one to leave the spotlight to someone else, pushed for Universal High Income on X. With roughly 72 million children in the country, the pledge comes to about $10.5 billion at SpaceX‘s price of roughly $147 per share.
Two days before the fund, Anthropic had quietly presented lawmakers with its own draft AI safety bill. It would let the government block models posing a foreseeable risk of killing or seriously injuring more than 50 people or causing over $1 billion in damage.
The co-founders pledged to donate 80% of their equity, and Anthropic says roughly 20% of its shares will be dedicated to the public good. The company has not said how the fund will be taxed or what it will disclose publicly.
Investor David Sacks responded on X: “You’ve put 20% of your equity in an LLC. Whether it serves the public good remains to be seen.” Anthropic says it will release the fund’s governance structure in the coming months.
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