AI BriefingLong-Term Benefit Trust
Key point
Anthropic is introducing the 'Long-Term Benefit Trust (LTBT),' an independent body with board authority, to manage the societal impact of AI.
Details
Anthropic is introducing a new governance structure, the Long-Term Benefit Trust (LTBT), to address the unprecedented externalities that AI technology may cause.
The LTBT consists of 5 independent trustees who have no financial interest. This body has the authority to elect or remove some members of Anthropic's board of directors, and this authority is expected to expand to a majority of the board in the future.
This measure is intended to overcome the limitations of traditional corporate governance, which prioritizes shareholders' financial interests. Anthropic has determined that AI can generate enormous externalities, such as threats to national security, economic volatility, and humanity, and seeks to align the company's mission and governance by combining Public Benefit Corporation status with the LTBT to manage these effects.
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