Anthropic pledges to allocate its shares to a public benefit fund
Anthropic, the developer of the Claude model, announced the allocation of 5 percent of its shares to a new entity named the Anthropic Public Benefit Fund, pending shareholder approval ahead of its anticipated initial public offering. This stake is valued at approximately $48 billion based on the company’s latest valuation last May, with the share allocation subject to increase as the company’s market value rises.
Musk urges Anthropic to distribute shares directly to the public
Billionaire Elon Musk has questioned Anthropic’s mechanism for donating a portion of its capital stock, suggesting hours after the company announced its public benefit fund that those shares be granted directly to the general public. This public back-and-forth comes as the Claude developer prepares for one of the largest public offerings in history in November.