Anthropic said it plans to inject 5% of the company's shares into a new fund. The AI company said the fund will support various charitable donations to address public sector issues, including mitigating the impact of artificial intelligence on the job market. Anthropic promised to allocate 5% of its shares today, subject to shareholders' approval, the company said in a statement on Sunday. For every 50% increase in the company's valuation compared to the established benchmark, an additional 2% of shares may be transferred at the discretion of the board of directors. The statement said that the fund allows the company to carry out its mission in a “new way”, such as using part of the capital to study “the impact on the labor market.” The company said that after approval, the Anthropic Public Interest Fund will be established as a wholly-owned limited liability company. It is not a non-profit organization, and the size of the fund will grow as the company develops. The statement stated that Anthropic shares held by the LLC cannot be used for lobbying activities or political donations, whether within the US or overseas.

Anthropic said it plans to inject 5% of the company's shares into a new fund. The AI company said the fund will support various charitable donations to address public sector issues, including mitigating the impact of artificial intelligence on the job market. Anthropic promised to allocate 5% of its shares today, subject to shareholders' approval, the company said in a statement on Sunday. For every 50% increase in the company's valuation compared to the established benchmark, an additional 2% of shares may be transferred at the discretion of the board of directors. The statement said that the fund allows the company to carry out its mission in a “new way”, such as using part of the capital to study “the impact on the labor market.” The company said that after approval, the Anthropic Public Interest Fund will be established as a wholly-owned limited liability company. It is not a non-profit organization, and the size of the fund will grow as the company develops. The statement stated that Anthropic shares held by the LLC cannot be used for lobbying activities or political donations, whether within the US or overseas.