Anthropic Locks 5% of Equity Into Public Fund Before IPO

Source excerpt · FinanceFeeds

Anthropic announced on October 18 that it will commit 5% of its shares to a new public benefit fund structured as a wholly-owned LLC. The pledge arrives weeks before the AI safety company is expected to launch its initial public offering, where investor interest has pushed valuations toward roughly $1.5 trillion. That figure sits below the $2 trillion target Anthropic initially sought, reflecting…