Ahead of massive IPOs, AI companies are sketching plans to share their wealth

By JAMES POLLARD and WYATTE GRANTHAM-PHILIPS, AP Business Writers NEW YORK (AP) — As they steam toward massive public offerings on Wall Street, the companies at the forefront of artificial intelligence have begun sketching plans to share their wealth with the public — a commitment they say is imperative to address disruptions the technology could bring to the workforce and people’s livelihoods. Executives at Anthropic and OpenAI have long argued the technology’s arrival will bring many benefits for everyday people, and they’ve promised that will include a share of the profits. The companies are outlining a range of proposals for distributing AI fortunes, but so far they have not resolved key questions over how they would work, how transparent they will be, and who will determine beneficiaries. On Sunday, Anthropic said it would commit 5% of its shares to the Anthropic Public Benefit Fund, a new entity within the company, pending approval from stockholders. The stake could increase “as