Anthropic plans to allocate 5% of its total equity to a newly created Anthropic Public Benefit Fund after shareholder approval, with the board able to contribute an additional 2% each time the company’s valuation rises 50% above a set threshold. The fund will be a wholly owned limited liability company rather than a nonprofit and will support public-interest initiatives, including efforts to address labor-market disruption caused by AI adoption. Its shares will not be used for lobbying or political donations in the U.S. or other countries. The initiative comes as Anthropic prepares for a potential initial public offering, with formal marketing possibly beginning the week of November 9 and a stock-market listing targeted before the U.S. Thanksgiving holiday. The company is also advancing proposals on AI safety and security regulation as concerns grow over job losses, cybersecurity, military uses and wider social risks.