• 3 Posts
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Joined 2 months ago
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Cake day: August 24th, 2026

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  • I expected the beneficiary would be some EA outfit, but it’s actually an entirely new company (and not any kind of charity or nonprofit) called the “Anthropic Public Benefit Fund”, which I’m sure will not at all be managed by EAs (and who would definitely not determine that the most effective altruism is sending money to Anthropic).

    I like this:

    Subject to stockholder approval, 5% of Anthropic’s shares will be committed today, with an additional 2% added at the board’s discretion for every 50% increase in the company’s value above a set baseline.

    You like the public benefit, don’t you? Make sure you invest strongly in Anthropic and pump that valuation even higher, because there’s no other way we could choose to offer more support.

    Anyway here’s their blog post on the matter, strangely not linked in the article as far as I can tell: https://www.anthropic.com/news/public-benefit-fund







  • Big corporations are not in the business of selling things and making profits. Their whole line of business is gaming financial markets.

    In that regard, datacentres don’t need to do anything. It just needs to demonstrate some material ‘investment’ into Making AI Happen, presenting a potential for super duper revenues in the glorious future, and thereby securing outlandish valuations today.