US Markets
Home›US Markets›Equities›AI firm Anthropic to commit 5% of shares to fund for ‘…
AI firm Anthropic to commit 5% of shares to fund for ‘public good’
The $48bn giveaway comes amid concerns about the tech and preparations for a stock market listing Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing. The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline. Continue reading...
← Newer storyCanadian Dollar: Limited gains against US Dollar on rate bets - INGOlder story →Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead…
More like this
Sources
Guardian BusinessAI firm Anthropic to commit 5% of shares to fund for ‘public good’