AI powerhouses redefining the landscape of global philanthropy

Anthropic and OpenAI are transforming global philanthropy by shifting focus to Silicon Valley. Anthropic plans to launch a $100 billion benefit fund, 5% of its shares, which could reach $100 billion if the company hits a $2 trillion valuation during its IPO. This fund will support AI safety research and biomedical studies. OpenAI, controlled by a nonprofit foundation with a $130 billion equity stake, also plays a key role. The foundation can appoint OpenAI’s board. Anthropic’s founders and some employees are linked to the effective altruism movement, which prioritizes high-impact causes. The company’s public-benefit efforts include discounts for nonprofits and scientific institutions. This new wave of philanthropy mirrors startup culture, emphasizing flexible capital and measurable impact. Anthropic’s fund, along with contributions from a growing group of millionaires and deca-millionaires, could become one of the largest vehicles for new charitable giving.