$ANTHROPIC Victims of Daddy Warsh’s rate hikes
Bearish at $1,500 💲—high interest rates make financing difficult. That’s the only reason they’ll release shares; capitalists have no compassion.
Anthropic announced the establishment of the “Anthropic Public Benefit Fund.” Subject to shareholder approval, 5% of the company’s shares will initially be contributed to the fund. For every 50% increase in the company’s valuation above the baseline, the board may contribute an additional 2%.
The fund can be used to make large donations to nonprofits or to provide direct support to specific groups, such as those affected by AI’s impact on employment. Combined with previous donation commitments from the co-founders and employees, around 20% of the shares will be dedicated to public benefit.
Bearish at $1,500 💲—high interest rates make financing difficult. That’s the only reason they’ll release shares; capitalists have no compassion.
Anthropic announced the establishment of the “Anthropic Public Benefit Fund.” Subject to shareholder approval, 5% of the company’s shares will initially be contributed to the fund. For every 50% increase in the company’s valuation above the baseline, the board may contribute an additional 2%.
The fund can be used to make large donations to nonprofits or to provide direct support to specific groups, such as those affected by AI’s impact on employment. Combined with previous donation commitments from the co-founders and employees, around 20% of the shares will be dedicated to public benefit.