Anthropic and Musk announce multi-billion share giveaway plans

Summarised from Independent Tech's report · Updated 19 Oct, 11:38 · Archive

Anthropic and Elon Musk announced plans to distribute billions in shares, citing concerns about artificial intelligence.

Anthropic announced that at least 5 per cent of its shares would be placed into a 'public benefit fund' intended to respond to concerns about artificial intelligence's effects. The company is planning an initial public offering that could value it at up to $1 trillion, making the fund worth around $50 billion. Anthropic said it 'might explore' the possibility of 'large donations to traditional nonprofits or direct distributions to specific populations' but has not decided how the money will be used. It ruled out political lobbying.

Elon Musk separately announced that he would distribute SpaceX shares to children in America. At current valuations of $146 per share, the giveaway to roughly 72 million American children would be worth over $10 billion, though this represents only a small portion of his 4.8 billion total shares. Musk said the distribution would be 'the first of many' but did not explicitly state it was connected to addressing concerns about AI.

Read the report

• Anthropic and Elon Musk announce $60 billion share giveaways to win people round to AISome of the stock and money will be given away to the publicIndependent Tech · 19 Oct, 11:20
• Anthropic and Elon Musk announce share giveaways to win people round to AITwo donations would be worth about $60 billion – some of which could be given away to the publicIndependent Tech · 19 Oct, 11:01

In this story: Anthropic · Elon Musk · Claude · SpaceX · America

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