3 stories from AI Pulse, newest first.
Anthropic said it intends to commit 5% of its shares to a new public benefit fund, subject to stockholder approval. The fund could grow by a further 2% for each 50% rise in valuation above a baseline. It is aimed at nonprofits and direct payments, with a focus on AI's effect on workers. Dario Amodei and five cofounders also pledged to donate 80% of their equity.
The Financial Conduct Authority has published examples of good and poor practice in firms' use of AI, relevant to machine learning, generative AI and agentic AI. It highlights defining the consumer need and target market before deploying AI-supported products, clear senior-manager (SMF) ownership of AI risks, and stress-testing AI tools and building them into resilience planning. The approach is proportionate and risk-based rather than prescriptive, and the examples do not create new requirements.
UK angle: Issued by the UK's FCA, applying to UK-regulated financial firms.
Nscale, a London-based AI cloud provider, is reported to be facing investor skepticism over the valuation it is seeking in its planned US IPO. Other coverage says it filed targeting a valuation of up to about $35 billion, and that its listing plans are described as 'looking shaky'. Some commentators see this as a sign that the neocloud IPO window may be narrowing.
UK angle: Nscale is a UK-based AI cloud company, so its IPO reception bears on the UK AI infrastructure market.
