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by torginus 7 days ago
I don't understand this at a high level. Anthropic is going to go public, which means they are liable to act in the best interest of shareholders, so they cannot leave money on the table, much less do selfless handouts.

Yet at the same time, they are a public benefit corporation, and I'm not quite sure what that means? Is that a separate legal entity from the for-profit arm?

1 comments

Them being a public benefit cooperation means that Anthropic is legally required to consider both shareholder interests and the broader public good. At least that is how they explain it: https://www.anthropic.com/news/the-long-term-benefit-trust

There is also a separate legal entity (Anthropic Long-Term Benefit Trust) that owns some shares and has special powers, but shareholders can change that so I wouldn't trust the trust too much.