AI BriefingBen Bernanke Appointed as Trustee of Anthropic's Long-Term Benefit Trust (LTBT)
Key point
Former Federal Reserve Chair Ben Bernanke has joined Anthropic's LTBT, the body overseeing the company's AI governance.
Details
The Long-Term Benefit Trust (LTBT) of AI startup Anthropic has appointed former Federal Reserve Chair Dr. Ben Bernanke as a new trustee. The LTBT is an independent body that oversees Anthropic's responsible development of AI in ways that benefit humanity.
Dr. Bernanke, a 2022 Nobel laureate in Economics, is an expert who led the Fed through the economic recovery during the 2008 financial crisis. Through this appointment, he is expected to contribute to anticipating and responding to the impact AI will have on the economy and labor markets.
The LTBT has the following characteristics:
- Holds authority to appoint members of Anthropic's board
- Structured independently from management and investors (no equity stake, no profit sharing)
- Advises on decisions regarding AI's societal impact and potential risks
With this appointment, Anthropic further strengthens its governance framework, which is composed of experts across fields including global health, national security, law, and economics.
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