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Anthropic said Sunday that it plans to commit 5% of its shares to a new public benefit fund designed to support several forms of giving. The proposal remains subject to shareholder approval.

The fund would immediately receive a commitment equal to 5% of Anthropic’s shares. Its stake could grow further as the artificial intelligence company’s valuation rises above a baseline that has not yet been disclosed.

Under the proposed structure, Anthropic’s board could add another 2 percentage points to the fund for every 50% increase in the company’s value above that baseline. Those additions would remain at the board’s discretion.

The company has already committed $200 million to research examining the effects of artificial intelligence. Still, Anthropic said that “given the pace of AI progress, bolder approaches may be needed.”

Those approaches could include programs intended to study and address the disruption and displacement of jobs associated with artificial intelligence. Anthropic said the fund might also “explore large donations” to traditional nonprofit organizations.

Direct distributions for particular populations are another option identified by the company. Anthropic did not provide final decisions about which organizations, workers or populations could receive support from the fund.

Concern about artificial intelligence and employment is widespread among American adults. An August report from the Pew Research Center found that 71% of adults believe AI will result in fewer jobs in the United States over the next two years.

Rather than establishing the fund as a 501(c)(3) tax exempt nonprofit or using another format, Anthropic plans to organize it as a wholly owned limited liability company. The company said that format would allow the fund to adjust between different forms of giving.

Anthropic also placed restrictions on how the shares held by the limited liability company could be used. According to the company, the equity will not support lobbying or political giving in the United States or internationally.

The announcement arrives as Anthropic prepares for a planned initial public offering reportedly scheduled for November. Anthropic told investors that its third quarter revenue stands at $16.8 billion ahead of that anticipated offering, CNBC reported.

Lise Buyer, a partner at initial public offering advisory firm Class V Group, told CNBC that the timing of Anthropic’s announcement is mandatory as the company prepares for an offering. She also described the move as “beneficial from an image perspective,” particularly while artificial intelligence reshapes the employment market.

Buyer said investors and the public could view the initiative favorably if its resources help retrain workers or connect them with alternative employment after technology disrupts their jobs. Such uses would fit the company’s stated interest in addressing worker displacement.

The initiative also presents Anthropic with a reputational benefit as artificial intelligence draws mounting attention. “Of course, it is also to burnish their reputation at a time when AI is coming under significant scrutiny,” Buyer added.

Important details about the fund remain unresolved, including the valuation baseline that would determine when its stake could expand. Anthropic said it will release more information about the structure and governance in the coming months.

The company also plans to disclose the valuation milestones that could trigger additional allocations from the board. Progress involving the fund will be included in an upcoming public benefit report, according to Anthropic.

Tesla and SpaceX CEO Elon Musk offered a different proposal after Anthropic released its announcement. Writing on X, Musk said he “recommend[s] giving the shares directly to the public.”

For now, the commitment depends on shareholder approval, while any additions beyond the initial 5% would depend on Anthropic’s valuation and the board’s discretion. The company has not yet disclosed the baseline, final governance arrangements or specific recipients.

DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.