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Anthropic's corporate structure
Anthropic’s pre-IPO corporate structure is governed by a complex mix of common, preferred, and trust-held shares that effectively limit transparency.
What: The board consists of seven seats split between common shareholders, preferred shareholders, and the Long Term Benefit Trust (LTBT), with the CEO holding a tie-breaking vote.
Why it matters: The reliance on a non-public 'Long Term Benefit Trust' to govern AI safety introduces an opaque governance layer that remains untested under public market pressure.
Decoder
- Long Term Benefit Trust (LTBT): A specific entity designed by Anthropic to hold a veto-like power over corporate actions, intended to ensure the company remains aligned with its public benefit mission.
Original article
Anthropic isn't very transparent about its corporate structure. It is in the public's interest for the company to be transparent about who controls and governs increasingly capable AI models. This article looks at what is publicly known about Anthropic's corporate structure. It focuses on the aspects relevant to control of Anthropic's business rather than the parts that are only about economic benefits.
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