Anthropic's IPO Highlights Role of External Trustees

<p>Anthropic’s prospective public-market investors must consider an external group of trustees that controls the majority of the AI company’s board, as its planned initial public offering (IPO) draws attention to its governance structure. </p><p>The company’s Long-Term Benefit Trust (LTBT) is a small group of advisers established to ensure the lab’s mission of developing AI for the long-term benefit of humanity, despite increasing commercial pressures. </p><p>The trust does not hold equity in Anthropic but has significant influence, with the San Francisco-based company planning to maintain its role following a stock market debut that could value the Claude maker at up to $2 trillion.</p>