Anthropic said it plans to commit 5% of its shares to a new public benefit fund, subject to shareholder approval, and the board may add 2% for every 50% rise in company value above an undisclosed baseline. The company has already committed $200 million to studying AI's effects, and the fund may be used for large donations or 'bolder approaches' to AI-driven job displacement. The fund will be a wholly owned LLC rather than a 501(c)(3) nonprofit, and its equity will not be used for lobbying or political giving. An August Pew Research Center report found that 71% of U.S. adults think AI will lead to fewer jobs over the next two years. Anthropic told investors its third-quarter revenue stands at $16.8 billion ahead of a planned IPO reportedly slated for November, while Elon Musk recommended giving the shares directly to the public.
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