5% of shares for public benefit fund

Anthropic announced on Sunday that it’s creating a “public benefit fund” that will give the company “increased flexibility and scale” to support projects for societal good. The company says the fund can expand to an additional 2% of shares for every 50% increase in value.

Tech Crunch includes a note that the fund was created while the “AI industry faces increasingly negative public sentiment.”

Tech Crunch @Fortune