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Stocks to Tackle Unemployment as Anthropic Launches AI Fund
Anthropic announced that it has allocated 5% of its shares to a public benefit fund dedicated to studying and addressing the impacts of artificial intelligence on jobs, with the possibility of increasing the stake to 7% if the company's valuation rises by 50%. The company has dedicated $200 million to this fund, which is being established as a limited liability company owned by it, with the aim of financing initiatives to support affected workers and projects to understand the harms and benefits of AI, ahead of its anticipated market launch. The initiative aims to enhance the company's reputation and address growing concerns about job declines resulting from new technology.
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