WSJ examines Anthropic's five-member Long-Term Benefit Trust

The Wall Street Journal looked into Anthropic's Long-Term Benefit Trust, an unusual five-member body whose trustees hold no equity but wield major influence over the company's board and can block significant moves. Anthropic has shared few details about how the trust operates.

• The trust has five trustees who own no equity in Anthropic
• It shapes the board and can block major company moves
• Anthropic discloses little about the trust's internal dynamics