India, Oct. 19 -- AI firm Anthropic made a major announcement today. It is committing 5% of its shares to a fund that will make donations for the "public good". The announcement comes ahead of a highly anticipated IPO for the AI giant.

Anthropic's Latest Announcement

Anthropic unveiled plans to create a Public Benefit Fund and set aside 5% of its shares for the initiative, pending approval from shareholders. The company stated that the fund would help channel a share of the value it generates toward initiatives that benefit society, such as backing nonprofit organisations and supporting people affected by the economic fallout of artificial intelligence.

Anthropic also described a possible mechanism for raising the fund's ownership stak...