Anthropic Plans to Commit 5% of Shares to New Public Benefit LLC Ahead of IPO

Anthropic PBC announced plans Sunday to commit 5% of its shares into a new Anthropic Public Benefit Fund, subject to stockholder approval, as the company prepares for an initial public offering. The agreement allows the board at its discretion to add an extra 2% of shares for every 50% increase in the company's valuation above a set baseline, with proceeds aimed at donations for the public good and mitigating labor market impacts from AI agents. Subject to approval, the fund will be structured as a wholly-owned LLC rather than a traditional nonprofit, and Anthropic stated that none of the equity held by the LLC will be used for lobbying or political giving in the US or abroad. The move follows the company's recent effort presenting a draft AI safety bill to US lawmakers that proposed allowing the government to block AI models risking injury or death to more than 50 people or over $1B in damages. "Subject to stockholder approval, 5% of Anthropic’s shares will be committed today, with an additional 2% added at the board’s discretion for every 50% increase in the company’s value above a set baseline." — Anthropic