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 (youtube.com/channel/UCDjOfuKr54UQ5AbZVB4b9Sw)
Read more: How I helped to make Elon Musk’s flying car (thetimes.com/business/technology/article/how-i…)
Get in touch: techpod@thetimes.co.uk
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
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