Ben Bernanke appointed to Anthropic’s Long-Term Benefit Trust

Summary

Anthropic’s Long-Term Benefit Trust (LTBT) appointed Dr. Ben Bernanke, former Federal Reserve Chair and Brookings Institution Distinguished Fellow, as its newest member. The independent body helps hold Anthropic to its mission of responsibly developing advanced AI for humanity’s long-term benefit, and its Trustees advise the board and leadership on critical decisions involving AI’s risks and societal impacts. Bernanke brings research and policy experience spanning the Great Depression, financial crises, and his 2006–2014 Federal Reserve tenure; he will contribute to Anthropic’s economic research, including work on how AI changes economies and workforces. The LTBT can appoint members to Anthropic’s board, while its Trustees hold no company equity or profit share and are compensated only for their service.

Takeaways

1. 1

   Ben Bernanke served as Federal Reserve Chair from 2006 to 2014, studied the Great Depression and financial crises, and received the 2022 Nobel Prize in Economic Sciences.

2. 2

   LTBT Trustees are independent of Anthropic’s management and investors: they hold no equity, do not share in profits, and are compensated only for their time and service.

3. 3

   The LTBT has authority to appoint members to Anthropic’s board and advises the company’s leadership on AI risks and societal impacts.