Dario Amodei's Anthropic makes its largest hometown donation

Dario Amodei's Anthropic has pledged $50 million to support Bay Area nonprofits through the end of 2027, its largest philanthropic commitment to its hometown region. The San Francisco-based artificial intelligence company will start with $500,000 in holiday grants to help provide groceries, free meals, shelter and toys for children.Anthropic is setting up a donor-advised fund with the San Francisco Foundation. The company will select future recipients with guidance from the foundation. Grants will be awarded by invitation.The announcement came on the same day Anthropic set pricing for an initial public offering (IPO) that could value it at up to $1.4 trillion. The pledge amounts to about 0.0036% of that potential valuation. It also comes as rising food and housing costs put pressure on Bay Area households and local tech leaders face calls to give more.