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Anthropic Sets 5% Share Fund Ahead of November IPO

By Drooid · Oct 20, 2026, 9:58 PM UTC · How we work

Summary

Anthropic Creates Benefit Fund

Anthropic announced it will place 5% of its shares into a benefit fund ahead of its November IPO.
The fund is valued at about $48 billion on a $965 billion May valuation and adds 2% for each 50% rise.
Anthropic’s draft prospectus gives its seven co-founders 50.1% voting power through a new Founder LLC entity.
NYC Comptroller Mark Levine urged Anthropic to delay the IPO over AI safety concerns on Oct. 14.

Summary

OpenAI Seeks Funding

OpenAI is seeking roughly $30 billion in a funding round valuing it above $1.4 trillion.
SoftBank Group and Abu Dhabi’s MGX are in talks to participate in the round.
OpenAI reported $50 billion annualised revenue after launching GPT-6 Astra and targets $70 billion by year-end.
The company cut prices on lower-cost models to boost usage and may cut further.
OpenAI plans an IPO in 2027, delaying any public listing until models stop going rogue.

History

Historical Context

OpenAI began in 2015 as a nonprofit founded by Elon Musk, Sam Altman and others, pledging $1 billion but collecting only $133 million by 2021. Its 2019 capped-profit charter and 2025 conversion to a public-benefit corporation introduced governance safeguards that now face scrutiny from officials like NYC Comptroller Mark Levine as AI valuations soar to $30 billion and Anthropic’s $48 billion benefit fund.

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Anthropic Creates Benefit Fund

Anthropic announced it will place 5% of its shares into a benefit fund ahead of its November IPO.
The fund is valued at about $48 billion on a $965 billion May valuation and adds 2% for each 50% rise.
Anthropic’s draft prospectus gives its seven co-founders 50.1% voting power through a new Founder LLC entity.
NYC Comptroller Mark Levine urged Anthropic to delay the IPO over AI safety concerns on Oct. 14.

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