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Anthropic PBC, the artificial intelligence company led by American billionaires Dario and Daniela Amodei, has committed $50 million to charities in the San Francisco Bay Area, its largest donation to its home city so far.
The company placed the money in a donor-advised fund at the San Francisco Foundation, the two organizations said on Nov. 10. Grants will go to local community groups, with a focus on San Francisco, through the end of 2027.
The first four grants, totaling $500,000, were paid out immediately. They went to the SF-Marin Food Bank, which supplies fresh food through 265 community organizations in San Francisco and Marin counties; GLIDE, which serves three free meals a day in the Tenderloin district; the Interfaith Winter Shelter, which works with more than 50 faith communities to provide beds, meals and showers; and the San Francisco Firefighters Local 798 Toy Program, which has given toys to children hit by fires, disasters and shelter stays since 1949. The individual amounts were not disclosed.
"San Francisco has always been a place of enormous possibility, but that possibility isn't shared equally by everyone," said Daniela Amodei, Anthropic's co-founder and president.
Fred Blackwell, chief executive of the San Francisco Foundation, said: "Where you live matters, and so does what you put into it." The foundation will help Anthropic choose future recipients.
A hometown gift ahead of the IPO
The Amodeis both attended Lowell High School in San Francisco, and Daniela Amodei grew up in the city. Anthropic has more than 2,500 employees at its headquarters there.
The pledge comes as Anthropic prepares one of the largest initial public offerings on record. The company is offering 825 million shares at $70 to $78 each and is expected to price the deal during the week of Nov. 16, with trading on the Nasdaq under the ticker ANT. Orders have come in at about six times the shares on offer.
In October, Anthropic said it would put 5% of its shares into a new Anthropic Public Benefit Fund to make large donations to nonprofits or direct payments to groups such as workers affected by AI. With an employee equity-matching program, the company said about 20% of its shares would eventually go to the public good. It has also committed $200 million to study AI's economic effects.
The siblings' fortunes
Dario Amodei, 43, is chief executive, and Daniela Amodei, 39, is president. They are two of Anthropic's seven co-founders, who each own about 1.4% of the company. At the valuation Anthropic is seeking, about $1.3 trillion, each sibling's stake would be worth about $18 billion.
All seven co-founders have pledged to give away 80% of their wealth. Each plans to sell about $250 million of stock in the offering.
The Amodeis left OpenAI in 2021 to start Anthropic, which makes the Claude family of AI models.
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