Anthropic and Airbnb donate $150 million to San Francisco public infrastructure

Artificial Intelligence companies are about to go publicanthropic On the 10th, it was announced that it would invest 50 million yuan to support Bay Area charities before the end of 2027, which is the company’s largest donation commitment to the local community to date. The first batch of NT$500,000 will be used to support services such as food aid, homeless shelters and children’s toys during the year-end holidays.

Will work with Anthropicsan francisco The Foundation (San Francisco Foundation) will establish a donor-advised fund. The first recipients include the San Francisco-Marin Food Bank, Glide Memorial Church, the Interfaith Winter Shelter and the Toy Project of San Francisco Firefighters Union Local 798.

The 10th date corresponds to the day when Anthropic’s initial public offering (IPO) sets the issuance price. The company could be listed next week with a valuation of up to 1.4 trillion yuan. The donation commitment of 50 million yuan is equivalent to approximately 0.0036% of the expected valuation. Just a day ago,airbnb CEO Brian Chesky has pledged to donate $100 million to improve San Francisco parks.

As the AI ​​industry continues to raise huge funding, basic living costs like food, housing and child care continue to rise in the Bay Area, and technology companies are facing more calls to give back to the community.

Daniela Amodei, co-founder and president of Anthropic, said San Francisco has always been full of opportunities, but not everyone shares them equally. He said the company is fortunate to be here and hopes success will expand opportunities rather than deepen existing gaps. He and his brother Dario Amodei, who is co-leader of the company, were both born in San Francisco.

Fred Blackwell, CEO of the San Francisco Foundation, said Anthropic reached out more than a week ago in hopes of bringing practical help quickly. This is one of the largest corporate donations in the history of the Foundation. Future beneficiaries will be selected by Anthropic, and the foundation will provide mentorship. The funds are not open to external applications.

Blackwell reported that cuts to federal Medicare funding, local government budget deficits and high inflation are increasing burdens on residents’ lives. However, the Foundation’s fundraising performance this year is one of the most successful in years, and more Bay Area donors are eager to invest. He hopes Anthropic’s commitment will encourage other companies to follow suit.

The first batch of funds will support organizations that have been serving the community for many years. The San Francisco-Marion Food Bank partners with 265 community organizations across both counties to provide meals to more than 8,000 families each week. CEO Tannis Crosby said the donation will allow more residents to have access to fresh, healthy food.

Glade Memorial Church, founded in the Tenderloin in 1963, provides free meals three times a year and provides family support. CEO Gina Frommer said the collaboration will help the agency open its doors to provide services and support residents in their pursuit of health and life stability.

The Interfaith Winter Shelter Program provides overnight beds, dinner, and breakfast to homeless adults; The Firefighters Union Toy Program was established in 1949 to provide toys to children affected by fires, disasters, or living in shelters, making it the oldest program of its kind in the United States.

Anthropic’s seven co-founders have previously pledged to donate 80% of their wealth, and the company also offers matching donations to employee charitable donations. It is reported that the expenditure of the company concerned will reach 540 million yuan in 2025.

Anthropic has also partnered with Tipping Point, a nonprofit founded by Mayor Daniel Lurie, to provide preferential use of the chatbot cloud to local nonprofit organizations. Tipping Point said it received cash donations ranging from $25,000 to $49,999 from Anthropic in its most recent fiscal year. Luo Wei continues to call on technology companies to participate in donations and public affairs. However, he previously proposed a municipal cooperation idea to OpenAI to improve the lives of residents, which was rejected by the other party.