Anthropic has pledged to transfer 5% of its shares to a new charitable fund, amounting to approximately $48 billion. As the company's value grows, the share may increase. The plan requires shareholder approval a few weeks before the expected listing in November, and stock buyers are currently unaware of key details.
Anthropic, the developer of the chatbot Claude, announced the creation of the fund on Sunday. The $48 billion figure is based on Anthropic's valuation of $965 billion, achieved after raising $65 billion in May. The board of directors will be able to increase the fund's share by an additional 2% for every 50% increase in the company's value beyond a certain baseline. What this baseline is remains unknown.
Anthropic has not specified whether new shares will be issued. If they are created, each current shareholder's stake will decrease. The company also did not disclose how the fund will convert shares into money. Future IPO investors still do not know three things: where the fund's shares will come from, what baseline will be used, and how exactly the payouts will be distributed.
The amount depends on the company's value. According to some investors, the IPO valuation could reach $1.5 trillion, in which case the fund's initial share would be approximately $75 billion. However, not everyone agrees with such valuations. In an analytical report, New Constructs valued Anthropic's capitalization at only $144 billion in October. In this case, 5% would be worth about $7.2 billion.
There is also concern about the increase in share supply. Hedge fund manager Paul Tudor Jones warned that the issuance of new shares by AI companies, including Anthropic, could pressure the market in 2027.
Specific recipients have not yet been named. Options include large donations to non-profit organizations or direct cash payments to certain groups. Anthropic has cited workers affected by AI as an example. In July, the company allocated $200 million for research to mitigate job losses due to AI.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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