India, Oct. 19 -- Billionaire Elon Musk on Monday pledged to give one share of his company SpaceX to "every kid in America."

The offer arrived a day after artificial intelligence company Anthropic announced in a social media post that it will commit 5 per cent of its shares to a new "public benefit" fund.

In a response to that Sunday post, Musk wrote: "I recommend giving the shares directly to the public." SpaceX's stock closed at $146.03 on Friday.

Anthropic said Sunday that the shares it is committing will go to the Anthropic Public Benefit Fund, a new entity within the company. The fund's worth will potentially increase as the shares grow in value. Anthropic CEO Dario Amodei and the company's five other cofounders established Anthro...