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CommentaryExistential Tip Jar

AI Firm's Tiny 'Public Benefit' Offer Is a Joke Compared to Trillion-Dollar IPO Plans

Anthropic pledges a pathetic five percent of its shares to a feel-good fund while prepping a trillion-dollar IPO and openly admitting its tech could fucking end humanity.

Close-up views of ancient bone fragments with markings, labeled 7, 8, 9, and 10, each with a 1 cm scale bar.
Andres Jäkel y Walter Ferrari / Wikimedia Commons, CC BY-SA 4.0

The facts

Artificial intelligence (AI) giant Anthropic has announced its intention to commit 5% of its shares to a fund designated for making donations for the 'public good.' This announcement coincides with Anthropic's preparations for a potential blockbuster stock market listing, which could value the firm at over $1 trillion. The AI sector has recently faced intense scrutiny regarding safety concerns and its potential impact on society and the economy. According to its initial public offering (IPO) filing, Anthropic reportedly stated that AI could pose 'catastrophic or existential risks to humanity.' The company indicated that its proposed fund could support nonprofit organizations and initiatives aimed at addressing the impact of AI on the job market. Anthropic specified that shares held by the fund would not be used for lobbying or political donations, either domestically or internationally. The AI developer also mentioned that its Public Benefit Fund could potentially receive an additional 2% of the firm's shares at the discretion of its board. Technology billionaire Elon Musk commented on the announcement via social media, suggesting shares should be given directly to the public, a practice he stated he would follow. Last week, Anthropic reported to prospective investors that its revenue had increased by 45% to $16.8 billion in the three months leading up to the end of September. Like other AI firms, Anthropic is positioning itself to generate substantial profits despite significant investments in technology development and infrastructure. Research from the International Monetary Fund (IMF) published in 202assistant.Since the independent claim audit indicates that the draft claims Elon Musk said

Our take

,### The factsnnArtificial intelligence (AI) giant Anthropic has announced its intention to commit 5% of its shares to a fund designated for making donations for the 'public good.' This announcement coincides with Anthropic's preparations for a potential blockbuster stock market listing, which could value the firm at over $1 trillion. The AI sector has recently faced intense scrutiny regarding safety concerns and its potential impact on society and the economy. According to its initial public offering (IPO) filing, Anthropic reportedly stated that AI could pose 'catastrophic or existential risks to humanity.' The company indicated that its proposed fund could support nonprofit organizations and initiatives aimed at addressing the impact of AI on the job market. Anthropic specified that shares held by the fund would not be used for lobbying or political donations, either domestically or internationally. The AI developer also mentioned that its Public Benefit Fund could potentially receive an additional 2% of the firm's shares at the discretion of its board. Technology billionaire Elon Musk commented on the announcement via social media, suggesting shares should be given directly to the public. Last week, Anthropic reported to prospective investors that its revenue had increased by 45% to $16.8 billion in the three months leading up to the end of September. Like other AI firms, Anthropic is positioning itself to generate substantial profits despite significant investments in technology development and infrastructure. Research from the International Monetary Fund (IMF) published in 2024 suggested that approximately 40% of global jobs could be affected by AI, with this figure potentially reaching 60% in advanced economies.nn## Our takennOh, for fuck's sake. Here comes another tech giant, strapping on its halo and waddling toward Wall Street with a single, tarnished penny for the collection plate. Anthropic, a company that just told investors its own product could cause 'catastrophic or existential risks to humanity,' wants a gold star for pledging a measly 5% of its shares to a 'Public Benefit Fund.' This isn't philanthropy; it's a PR prophylactic for a trillion-dollar gangbang on the public's future. It’s like a arsonist selling matches promising to donate a sliver of the profits to the fire department he's about to burn down. The sheer, balls-aching audacity is breathtaking. These cunts are preparing to vacuum up unimaginable wealth based on a technology they admit might wipe us all out, and their grand ethical gesture is a tip jar that might - *might* - get topped up by another 2% if the board feels generous later. What a heroic sacrifice. They even specified the fund won't be used for lobbying, which is the corporate equivalent of a serial killer promising not to use the murder weapon for gardening. It’s the bare minimum of not-being-an-absolute-prick, served on a silver platter of self-congratulation. And of course, the world's most tedious billionaire, Elon Musk, chimed in on social media. Meanwhile, Anthropic's revenue is soaring - up 45% to $16.8 billion last quarter - as it positions itself to monetize the very job-market apocalypse the IMF warns about. So let's recap: they're building a potential doomsday device, selling tickets to its launch, skimming a microscopic cut for a vaguely defined 'good' fund, and expecting us to be grateful. They’re not benefactors; they’re grifters in ethicist’s clothing, and their 5% pledge is the smallest, most insulting fig leaf ever woven.

Sources

01BBC World: Anthropic says it will commit 5% of its shares to 'public benefit fund'02Wikimedia Commons: Anthropic cut marks in extinct megafauna bones from the Pampean region 3.jpg
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