Anthropic to commit 5% of its shares to public-interest fund
By the AFREEQUE newsroom, based on MyJoyOnline
Anthropic plans to allocate 5% of its shares to a fund to finance public-interest initiatives, including charities and projects related to the effects of artificial intelligence on employment. The company’s board could allocate an additional 2% to the fund, according to the company as cited by the BBC.
Anthropic, a US artificial intelligence company, plans to allocate 5% of its shares to a fund for financing public-interest initiatives, according to MyJoyOnline. The fund could support non-profit organisations and efforts to address the effects of artificial intelligence on employment.
The announcement comes as Anthropic prepares for a possible stock market listing that could value the company at more than $1 trillion. In its listing documents, the company is reported to have warned that artificial intelligence could pose “catastrophic or existential” risks to humanity, MyJoyOnline reports. The sector is facing increased scrutiny over the safety and economic and social consequences of the technology.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
