Comment by Kim_Bruning
17 hours ago
Anthropic is a public benefit corporation. Investors who put money in knew this. It's in the corporate charter. The corporate charter is a public document.
Fiduciary duty means the board and officers must act in accordance with the governing documents of the corporation.
Even a regular corporation doesn't need to be just for the purpose of "money goes up". The board has discretion on how they create value.
> public benefit corporation > The board has discretion on how they create value.
It does not make much of a difference. If the investors don't get their investment returned with interest (as $$$), the majority of them are not going to invest further. That is from the set of investors who invest based on the companies ethical stand, which is probably only a small fraction of all the investments it has received.