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Anthropic is creating a wholly owned LLC called the Anthropic Public Benefit Fund, seeding it with 5% of company shares, with an additional 2% unlocking for every 50% rise in valuation above a set baseline. The fund is barred from lobbying or political donations and may address AI job displacement; the commitment still requires stockholder approval.
Character Technologies filed for bankruptcy on October 12 after lawsuits over teen harm proved uncontainable; Disney’s stalking-horse bid pays $20M for a non-exclusive code license and nine patents, and commits $180M over three years to hire 60+ staff — including former CEO Karandeep Anand, who becomes Disney’s new CTO.
All four major banks have cut off third-party AI agents from logging in, moving money, or paying bills on behalf of retail customers, citing liability and the risk that agents sweep interest-free deposits overnight. Schwab says it blocks unauthorized attempts “in the tens and twenties” each week and plans MCP servers for limited read-only access instead.
Anthropic has been privately pitching lawmakers a draft bill that would let the government suspend a model only if it poses imminent risk of over $1B in damages or 50+ deaths — limited to bioweapons, cyberattacks, or AI escaping developer control. The draft has not been formally introduced and remains confidential, per Politico.
Altman said on the Sources podcast that OpenAI will build humanoid robots alongside other form factors, and told Fortune the company expects a compelling demo prototype in 2027. He argues the intelligence layer — not the hardware — is the genuine challenge; OpenAI currently has 27 open robotics roles posted.
Legal experts say Meta’s revised terms grant it the right to deploy bots against any website “associated with” products using Meta’s platforms, and to use collected content for AI training — with the only opt-out being to stop using Meta’s business tools. Meta disputes the reading and says robots.txt still applies, but has not changed the language.