As criticism mounts on Big Tech companies regarding the possible effects of AI on mankind, Elon Musk’s SpaceX and the artificial intelligence behemoth Anthropic have promised significant financial gifts. On Monday, Musk declared that every American child would receive a stake of his rocket company, which owns xAI, in the upcoming year. Following Anthropic’s statement that company will donate 5% of its shares to a fund for the “public good,” the millionaire made his announcement.
Anthropic is preparing for a possible spectacular stock market debut that may put the company’s value at over $1 trillion (£750 billion). In June, SpaceX raised $85.7 billion, setting a record for the largest initial public offering (IPO) ever. The commitments are made at a time when the AI sector is being closely watched because to safety issues and worries about how it may affect employment and society.
The specifics of how each American child would receive a portion of SpaceX have not been made public. “Next year, I will give one of my SpaceX shares to every kid in America,” Musk wrote in a social media post. The first of many will be this. It happened after he said, “I recommend giving the shares directly to the public,” in response to Anthropic’s public fund pledge. I’m going to do this.”
Also Read:
Trump Believes Zacharia Ought to Reconsider her Status as White House Spokesman
