Anthropic has said it will commit 5 per cent of its shares to a new “public benefit fund” as it seeks to address public backlash against AI ahead of its planned blockbuster initial public offering. The $965bn start-up on Sunday said it would commit the shares, worth around $48bn at its latest valuation, subject to shareholder approval. It plans to add a further 2 per cent of the stock for every 50 per cent increase in the company’s value above an undisclosed baseline. Read more here. FT Social Meda Team submitted by /u/financialtimes
Originally posted by u/financialtimes on r/ArtificialInteligence
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