Daniela Amodei from Anthropic explains why they incorporated as a public benefit corporation and how their Long Term Benefit Trust keeps AI safety central to the company's decisions, even as they scale.
I'm wondering what you guys think about what you owe to your investors while still having this strong mission of being safe by AI. That's a great and very timely question and I know this will shock you, but we're actually asked this question quite a lot now. So Anthropic, I think from day one has been very curious about this question. And we incorporated as a public benefit corporation exactly for this reason. And public benefit corporations are very, they're very interesting form of governance. I highly recommend like go Google them or ask Claude. Not ask. So public benefit corporations have been around for quite a while. They're a corporation, right? They're, they're a C corp. But they have this additional component of a public benefit mission. And so like Toms Shoes, Patagonia, these are public benefit corporations. Highly profitable and a lot of sort of what. The reason we sort of decided to go that way, we thought about a lot of different structures. When we were starting Anthropic, we were like, should we be a nonprofit, should be an llc? Should we be a C Corp? And we landed on PBC because we felt that it was sort of best positioned to provide us this kind of flexibility of having investors issuing equity. We're a normal company, we have products, but there's this social mission that we are somewhat legally protected from shareholder lawsuits. And if we decide, for example, we don't know that Claude 7 is as safe as we want it to be, we're not going to release it yet. Whereas in a traditional C corporation you have a much bigger risk of that being a problem if your shareholders don't like what you've done. It's not perfect, but that's sort of a nice protection. Additionally, we have this group of people called the Long Term Benefit Trust who are financially disinterested. So they're not investors. And they essentially elect a percentage of board seats that sit on Anthropics traditional board of directors. And the way that we selected them was for their experience and interest and influence in the public benefit sector. And the last one I'll say is we recently published something called a responsible scaling plan. And this policy, essentially it's public. You can read it on our website. It says, what will we do if we are concerned about sort of particular risks from either a technical safety or security side of the models that we're developing? How will we measure these and what will we do to sort of react if we're concerned that what we're going to put out into the world is going to cause harm?
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