Anthropic says it will commit 5% of its shares to 'public benefit fund' - BBC
Anthropic has pledged 5% of its shares to a public benefit fund, while Elon Musk announced plans to distribute SpaceX shares to every child in America. These moves come as major AI and tech firms face increasing scrutiny regarding their societal impact and corporate governance.
Why it matters
These pledges highlight the growing pressure on Big Tech to address ethical concerns and wealth distribution as AI development accelerates and companies prepare for massive public offerings.
Share Save Add as preferred on Google Peter Hoskins and Michael Race , Business reporters Reuters Elon Musk's SpaceX and artificial intelligence giant Anthropic have pledged big financial giveaways as Big Tech firms come under pressure over the potential impact of AI on humanity.
Musk said on Monday that he would give one of his shares at his rocket company, which owns xAI, to every child in America next year.
The billionaire's announcement came after Anthropic said it would commit 5% of its shares to a fund that will make donations for the "public good".
Anthropic is laying the ground for a potential blockbuster stock market listing that could value the firm at more than $1tn (£750bn). SpaceX set the record for biggest initial public offering (IPO) in history in June, raising $85.7bn.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in