Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the "public good". The announcement comes as Anthropic lays the ground for a potential blockbuster stock market listing that could value the firm at more than $1tn (£750bn).

Anthropic said that the Public Benefit Fund, a wholly owned limited-liability company, would add to its work in fields such as AI safety and biomedical research. It would be able to pursue “bolder approaches” to problems such as job losses from AI and “might explore large donations to traditional non-profits or direct distributions to specific populations”,

The fund could send distributions directly to populations affected by AI labor disruption.

Anthropic said it wants to create a new charitable LLC with the company's stock as its sole asset.

The world’s second-biggest economy grew 4.5% for the July-September quarter from a year earlier, government figures showed, moving closer to meeting its annual target of 4.5% to 5%.

China said Monday its economy grew 4.5% for the July-September quarter from a year ago fueled by robust exports, moving closer to meeting its official annual growth target for the year as its trading partners seek to balance their trade deficits with the country.

China's economic growth rebounded to 4.5% year-on-year in the third quarter, beating expectations and easing the pressure on policymakers for delivering more aggressive stimulus measures to meet the annual target.

Hong Kong, Oct 19 (AP) China on Monday said its economy grew 4.5 per cent for the July-September quarter from a year ago, moving closer to meeting its official annual growth target as the year nears its end.The better-than-expected official data accelerated from the 4.3 per cent year-on-year growth recorded in the April-June period, the slowest expansion in more than three years. For the whole year, Chinese leaders have set a growth target of...