Key facts
- Anthropic appointed former Federal Reserve chair Ben Bernanke to its Long-Term Benefit Trust.
- The trust is an independent body responsible for ensuring Anthropic remains committed to its public mission.
- Bernanke, a Nobel laureate in economic sciences, previously led the Fed from 2006 to 2014.
- The trust members are selected for diverse expertise and have no financial stake in the company.
- Bernanke joins Neil Buddy Shah, Richard Fontaine, and Mariano-Florentino Cuellar on the trust.
Anthropic announced on Thursday the appointment of former U.S. Federal Reserve chair Ben Bernanke to its Long-Term Benefit Trust. This independent body is responsible for ensuring the artificial intelligence startup adheres to its public mission.
Bernanke, who led the Federal Reserve from 2006 to 2014 and guided it through the 2008 financial crisis, is a Nobel laureate in economic sciences. He stated, "The potential of artificial intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build around it."
The Long-Term Benefit Trust operates independently of Anthropic's management and investors. Its members are chosen for their varied expertise and have no financial stake in the company. They possess the authority to appoint and remove a majority of the corporate board members.
Bernanke's academic background includes chairing the economics department at Princeton, where his research on the Great Depression and bank roles in financial crises earned him the Nobel Prize in 2022. He joins fellow trust members Neil Buddy Shah, Richard Fontaine, and Mariano-Florentino Cuellar.