Anthropic Eyes $2 Trillion IPO, Retains External Trustees on Board

Anthropic, the AI startup behind the Claude language model, is preparing a $2 trillion initial public offering that would make it one of the most valuable tech firms ever. The company’s unusual governance structure could be a key factor for investors. A small group of advisers, the Long‑Term Benefit Trust, was created to safeguard Anthropic’s mission of developing AI for humanity’s long‑term benefit. The trust holds no equity but controls a majority of the board, giving it significant influence over strategy and oversight. Anthropic has said the trust will remain in place after the IPO, ensuring that its mission‑driven focus persists amid commercial pressures.