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moves money Tech-Economic Times October 21, 2026

Ahead of massive IPOs, AI companies are sketching plans to share their wealth

Ahead of massive IPOs, AI companies are sketching plans to share their wealth
AI Summary

On Sunday, Anthropic said it would commit 5% of its shares to the Anthropic Public Benefit Fund, a new entity within the company, pending approval from stockholders. The stake could increase "as the company grows" in the future. The maker of AI assistant Claude said the fund "might explore" larger donations to traditional nonprofits or potentially distribute money to "specific populations."

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