Big Tech companies often claim to be working for the social good, and in some cases, are even registered as ‘public benefit corporations’. But this is a mirage of altruism that seeks to help them avoid regulation and grab power. Writes Pat De Brún and Damini Satija.

In 2021, major AI player Anthropic registered itself as a “public benefit corporation”. According to the company “our PBC structure is important in aligning Anthropic’s governance with our public benefit mission”.