Eric Schmidt, the former Google chief executive and Democrat mega-donor, holds a one percent stake in Anthropic that traces back to an early investment of millions in the AI startup. This stake could add up to $10 billion to Schmidt's net worth when the company notable for its AI doomer messages goes public.
FIRST ON FOX: Popular grocery delivery company Instacart has reached a multimillion-dollar settlement with the Department of Justice (DOJ) after it was accused of discriminating against American workers.
The DOJ's Civil Rights Division says it has reached a $5 million settlement with Maplebear Inc., which operates the delivery service used by Americans to get groceries sent to their front doors. The resolution addresses allegations that the company purposefully discriminated against U.S. and American workers based on country of origin, which the DOJ says violates the Immigration and Nationality Act (INA) and Title VII of the Civil Rights Act of 1964 (Title VII).
The company, according to the Justice Department, was abusing the Permanent Labor Certification (PERM) process by placing undue burdens on American applicants by requiring them to physically mail applications to the company, deviating from Instacart's standard electronic application process. The scheme occurred from December 2023 through February 2026.
"This significant resolution marks the 15th settlement agreement the Civil Rights Division has reached under my leadership to protect U.S. workers," Assistant Attorney General Harmeet K. Dhillon said. "Our record demonstrates that the Justice Department is holding companies who prefer workers with temporary employment visas accountable. We will not stop fighting for U.S. workers until there is a fair playing field."
The settlement was secured in conjunction with the U.S. Equal Employment Opportunity Commission (EEOC).
Instacart will be required, under the settlement, to set up a $4 million fund to compensate applicants who may have been wronged, and another $1 million in civil penalties.
The PERM program allows employers to sponsor temporary visa workers for permanent residence in the United States. However, companies using the PERM program are required to make a "good-faith" effort to hire American workers before resorting to foreigners.
Companies cannot create "additional burdens for U.S. and American workers; publishing job advertisements that disfavor, limit, specify, or otherwise discriminate against U.S. and American workers; or use processes that limit, segregate, or classify applicants in any way that tends to deprive U.S. and American applicants of employment opportunities," according to the DOJ.
The settlement is the 15th of its kind since President Donald Trump began his second term in office in January 2025 and is part of a broader effort to ensure American workers aren't illegally discriminated against.
The EEOC has dubbed the mission "Project Firewall."
"Today’s settlement makes clear that when employers erect unlawful barriers that harm American workers, the EEOC will act decisively," said Andrea Lucas, the chair of the EEOC. "The EEOC is committed to holding companies accountable when they deny equal work opportunities to U.S. workers by preferring temporary visa holders for jobs. Discrimination against workers based on their American national origin has no place in our economy."
"We're proud to be a U.S.-based grocery technology platform, employing thousands of American workers and serving millions of customers, retailers, shoppers and brands. We encourage qualified U.S. jobseekers to apply to join our team," an Instacart spokesperson told Fox News Digital.
"Hiring and investing in American workers across our U.S. business is our priority, and we actively promote every role across many channels to ensure qualified U.S. candidates are always first in line for opportunities. While we maintain that our practices complied with all applicable laws and regulations, we’re pleased to have resolved this matter so we can keep our full focus on delivering on our mission for customers, shoppers, retailers and brands."
Anthropic says it plans to commit five percent of its shares to a newly created "Public Benefit Fund," a move that would need stockholder approval before taking effect after the company's hotly anticipated IPO which could occur as soon as November.
Anthropic said on Sunday that it wants to create a new LLC to fund public-interest initiatives.
Kent NISHIMURA / AFP via Getty Images
Anthropic said it wants to create a new LLC with the company's stock as its sole asset.
The new LLC, a charitable organization, would receive larger stakes as the company grows.
An initial 5% stock funding is "subject to stockholder approval," Anthropic said.
Anthropic said on Sunday that it would set aside large portions of its wealth to support initiatives it believes are in the public interest.
In a blog post, the AI colossus said it aims to establish a separate LLC that would use Anthropic shares to make donations to nonprofits or "direct distributions to specific populations."
The new LLC, called the "Anthropic Public Benefit Fund," would receive larger stakes as the company grows. The company said an initial funding round of 5% of Anthropic's shares is still subject to stockholder approval.
"The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways," the company said.
A 5% stake in Anthropic is worth about $48 billion, according to the company's most recent valuation in May.
In 2025, rival frontier AI company OpenAI established a similar nonprofit foundation with a multibillion-dollar stake in the company to fund public-benefit initiatives.
Companies love making grand diversity promises, but actuary Peter Crowley uses basic maths to expose eyebrow-raising targets that were never realistic in the first place.
Anthropic, the maker of the Claude AI models, is preparing what could be the largest initial public offering in history, raising more than $100 billion, according to The New York Times, at a valuation near US$2 trillion. According to Reuters, which reviewed the draft prospectus (the document has not yet been made public), the company […]
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“This guy is a monster,” Donald Trump said in front of Sundar Pichai, Google’s chief executive. “And nobody knows him. What a great life! To be a monster and not have to go through this,” Trump continued, pointing at the reporters who follow him everywhere. Pichai stood beside him, waiting to speak with an expression of resigned disbelief. Before the exchange ended, Trump joked about his Indian name: “Sundarrrrr is his name.” When Pichai finally spoke, he tried to play it down: “Hopefully, that will be a better tagline than ‘I’m a monster,’” he said.
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Just weeks before its scheduled November IPO, Anthropic is facing growing attention over the potential dangers of its technology. The resignation of former Anthropic researcher Jacob Coxon on September 8, who wrote on X that AI could “kill us all by the end of the decade,” preceded the company’s threat report on September 10. According […]
Recent warnings from American AI leaders have created the impression that the world is only beginning to confront the dangers of advanced artificial intelligence. Dario Amodei, chief executive of tech company Anthropic, has called for governments to intervene to slow the development of increasingly powerful AI models. His proposal begins with independent evaluators embedded inside […]
An invisible web of connections links the executives and board members of Spain’s largest companies. Having spent time at certain elite consulting firms, business schools or government institutions opens more doors than any headhunter ever could. Former state attorneys sitting on the boards of major Spanish companies, ex-McKinsey executives running some of the financial sector’s most powerful firms, and alumni of leading business schools such as IESE and ICADE holding top positions in multinational companies all illustrate a network of influence, as subtle as it is enduring, that has been woven through Spain’s corporate elite.
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