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Anthropic and Elon Musk make public-benefit share pledges tied to AI wealth

By ChordNews · First written

How to share AI wealth? Neither the US nor Asia has the answer
Image: scmp.com
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Summary

On October 18, Anthropic, which is preparing one of the largest listings in history, committed 5 per cent of its shares to a public benefit fund. The next day, Elon Musk promised one SpaceX share, next year, for every kid in America, about US$10.6 billion for some 73 million children. The offers differ in who holds the shares: Anthropic's would sit in an entity the company owns and be spent on the public's behalf, while the route for Musk's offer has not been explained.

This continues an earlier story: AI companies pledge billions for public benefit, but turning promises into money is complicated

Timeline

  1. South China Morning Post

    Source ↗

    Reports that Anthropic committed 5 per cent of its shares to a public benefit fund on October 18, and that Elon Musk promised a SpaceX share for every American child the next day, with the two offers differing in who holds the shares.

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