AAUP Urges Officials to Protect Working People from Anthropic

The AAUP along with a coalition of organizations sent a letter to state and local financial officers this week urging them to stop funding billionaires and to protect working people from Anthropic and an AI bubble bursting amid Anthropic's upcoming IPO. The coalition calls on the managers to prevent pension funds from investing in Anthropic because:

1. The company will likely begin trading at an extremely high, speculative valuation-giving wealthy insiders a path to cash out while leaving working people holding the bag and fueling economic inequality.
2. Becoming an Anthropic shareholder would not come with the usual rights to influence the company's management, including on its decisions of how to develop and deploy AI.
3. Experts are sounding the alarm on the AI bubble and the devastating impacts its bursting would have on working people.
4. Participating in the IPO would mean funding unpopular and polluting data centers and the further development of AI that working people did not ask for and do not trust, while furthering massive social, environmental, and economic harms.

Read the full letter here.

AAUP members who would like to take action can also sign our petition to #BlocktheIPO here.