Why are tech giants giving away their billions?

Anthropic has pledged to give away 5% of its shares to a fund that will make donations for the quote unquote “public good”. These shares could be worth between 75 and $100 billion. Days later, Elon Musk posted on X that he would give one of his SpaceX shares to every child in America. These could be worth over $10 billion. So, what’s behind these recent pledges? Danny and Katie question whether tech companies are finally taking accountability for their impact on society or whether this is just good PR. Plus, a power outage at one of Google’s data centres in London that disrupted services at Royal Mail, Revolut, HSBC and Lloyds bank has renewed concerns about a lack of sovereign AI. Watch on YouTube Read more: How I helped to make Elon Musk’s flying car Get in touch: [email protected] Presenters: Katie Prescott, Technology Business Editor, The Times Danny Fortson, US West Coast Correspondent, The Sunday Times Producer: Marnie Duke Executive Producer: Priyanka Deladia Image: Getty Hosted on Acast. See acast.com/privacy for more information.