Latest news with #LongTermBenefitTrust
Time of India
2 days ago
- Business
- Time of India
Former Netflix CEO Reed Hastings appointed to Anthropic's board of directors
Reed Hastings , the former CEO and current chairman of streaming giant Netflix , has been appointed to the board of directors of AI startup Anthropic , the company said in a blog post on Wednesday. Hastings has been part of the boards of Facebook (now Meta), Microsoft, and Bloomberg. He had served as CEO of Netflix since its inception and stepped down in 2023. Anthropic's large language model (LLM) Claude competes with OpenAI's ChatGPT and Google's Gemini. The company last received $4 billion in funding from Amazon. Hastings recently gave $50 million to Bowdoin College to create a research initiative on AI and humanity. The programme explores how AI will change work, relationships, and education while developing ethical guidelines for its use. This objective aligns with Anthropic's focus. Hastings was appointed to the board by Anthropic's Long Term Benefit Trust. "The Long Term Benefit Trust appointed Reed because his impressive leadership experience, deep philanthropic work, and commitment to addressing AI's societal challenges make him uniquely qualified to guide Anthropic at this critical juncture in AI development ," said Buddy Shah, chair of Anthropic's Long Term Benefit Trust. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'Anthropic is very optimistic about the AI benefits for humanity, but is also very aware of the economic, social, and safety challenges,' Hastings said in a statement. 'I'm joining Anthropic's board because I believe in their approach to AI development, and to help humanity progress,' he added. Meanwhile, Anthropic CEO Dario Amodei has warned that AI could eliminate nearly half of entry-level white-collar jobs within five years. He urged consumers and US lawmakers to prepare for significant job cuts , according to Axios. Amodei also criticised the government and other AI companies for downplaying the risk of widespread job losses across sectors such as technology, finance, law, and consulting.
Miami Herald
3 days ago
- Business
- Miami Herald
Netflix chairman Reed Hastings joins board of AI giant Anthropic
Netflix Chairman Reed Hastings is joining the board of San Francisco-based artificial intelligence company Anthropic. Anthropic, valued at $61.5 billion after its most recent funding round in March, is known for its AI chatbot model Claude. "Anthropic is very optimistic about the AI benefits for humanity, but is also very aware of the economic, social, and safety challenges," Hastings said. "I'm joining Anthropic's board because I believe in their approach to AI development, and to help humanity progress." Netflix is one of the world's most prolific producers of movies and TV shows, known for its content recommendation algorithm. Hollywood is grappling with the implications of generative artificial intelligence, which studios believe could save money and time, but also comes with downsides. Labor groups fear job displacement, and there are also concerns about the use of copyrighted material when training AI models. Hastings was selected by Anthropic's Long Term Benefit Trust, which the company describes as "five financially disinterested members" that can select and remove a portion of the board. The group selected Hastings because of his leadership experience, philanthropic work and "commitment to addressing AI's societal challenges makes him uniquely qualified to guide Anthropic at this critical juncture in AI development," said Buddy Shah, chair of Anthropic's Long Term Benefit Trust, in a statement. Hastings will join the company's five-member board, which includes Anthropic Chief Executive Dario Amodei, President Daniela Amodei, investor Yasmin Razavi and Jay Kreps, CEO of Mountain View-based data streaming firm Confluent. Hastings served as CEO or co-CEO of Netflix for 25 years until 2023. He currently serves on the boards of other organizations including Bloomberg, the financial data and media company. He has donated money to charter school networks serving low-income U.S. communities and recently gave $50 million to Bowdoin College to establish the Hastings Initiative for AI and Humanity that aims to help the school provide ethical frameworks for AI and examine AI's impact on work and education. Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Los Angeles Times
3 days ago
- Business
- Los Angeles Times
Netflix chairman Reed Hastings joins board of AI giant Anthropic
Netflix Chairman Reed Hastings is joining the board of San Francisco-based artificial intelligence company Anthropic. Anthropic, valued at $61.5 billion after its most recent funding round in March, is known for its AI chatbot model Claude. 'Anthropic is very optimistic about the AI benefits for humanity, but is also very aware of the economic, social, and safety challenges,' Hastings said. 'I'm joining Anthropic's board because I believe in their approach to AI development, and to help humanity progress.' Netflix is one of the world's most prolific producers of movies and TV shows, known for its content recommendation algorithm. Hollywood is grappling with the implications of generative artificial intelligence, which studios believe could save money and time, but also comes with downsides. Labor groups fear job displacement, and there are also concerns about the use of copyrighted material when training AI models. Hastings was selected by Anthropic's Long Term Benefit Trust, which the company describes as 'five financially disinterested members' that can select and remove a portion of the board. The group selected Hastings because of his leadership experience, philanthropic work and 'commitment to addressing AI's societal challenges makes him uniquely qualified to guide Anthropic at this critical juncture in AI development,' said Buddy Shah, chair of Anthropic's Long Term Benefit Trust, in a statement. Hastings will join the company's five-member board, which includes Anthropic Chief Executive Dario Amodei, President Daniela Amodei, investor Yasmin Razavi and Jay Kreps, CEO of Mountain View-based data streaming firm Confluent. Hastings served as CEO or co-CEO of Netflix for 25 years until 2023. He currently serves on the boards of other organizations including Bloomberg, the financial data and media company. He has donated money to charter school networks serving low-income U.S. communities and recently gave $50 million to Bowdoin College to establish the Hastings Initiative for AI and Humanity that aims to help the school provide ethical frameworks for AI and examine AI's impact on work and education.
Bloomberg
3 days ago
- Business
- Bloomberg
Anthropic Appoints Netflix Co-Founder Reed Hastings to Board
Netflix Inc. co-founder and Chairman Reed Hastings is joining the board of the artificial intelligence startup Anthropic, bolstering oversight of the company with a veteran technology industry executive and philanthropist. Hastings, 64, was appointed by the company's Long-Term Benefit Trust, according to a statement Wednesday. Anthropic has a unique corporate structure designed to balance its corporate interests and responsibilities to society. The trust's members have the authority to appoint and remove members of the board.
