Anthropic Commits Billions to a 'Public Benefit Fund' - Business Insider

Anthropic said on Sunday that it wants to create a new LLC to fund public-interest initiatives. Kent NISHIMURA / AFP via Getty Images 2026-10-18T18:46:01.024Z Read in app Save Saved Listen to this story This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in . Anthropic said on Sunday that it would set aside large portions of its wealth to support initiatives it believes are in the public interest. In a blog post, the AI colossus said it aims to establish a separate LLC that would use Anthropic shares to make donations to nonprofits or "direct distributions to specific populations." The new LLC, called the "Anthropic Public Benefit Fund," would receive larger stakes as the company grows. The company said an initial funding round of 5% of Anthropic's shares is still subject to stockholder approval. "The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways," the company said. A 5% stake in Anthropic is worth about $48 billion, according to the company's most recent valuation in May. In 2025, rival frontier AI company OpenAI established a similar nonprofit foundation with a multibillion-dollar stake in the company to fund public-benefit initiatives. This is breaking news. Check back for updates.