Anthropic's plan to control AI after its founders leave

Anthropic, the AI company, has filed for an IPO with a governance plan designed to control the company long after its co-founders depart, aiming to balance profit with public benefit. The filing reveals a complex structure to insulate the company from investor pressure. The company, with a projected $1.5 trillion valuation, gives its seven co-founders 50.1% voting power over certain matters, while an independent trust controls a majority of board seats. This setup is intended to ensure the company prioritizes its mission of benefiting humanity over shareholder demands. Anthropic's board will eventually be divided into staggered three-year terms, a structure that resists hostile takeovers. The company also has a long-term benefit trust with special powers, and it is exempt from some Nasdaq rules as a "controlled company," allowing it to place a co-founder's sister on a key committee.