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TechFormer Fed Chair Ben Bernanke joins Anthropic's AI oversight trust
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Anthropic, an AI startup, announced on July 9, 2026, that it has appointed former U.S. Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust. This independent oversight body is responsible for ensuring the company remains committed to its public mission as a public benefit corporation, balancing commercial success with social benefit. Bernanke, a Nobel laureate in economic sciences who led the Fed through the 2008 financial crisis, joins other trust members Neil Buddy Shah, Richard Fontaine, and Mariano-Florentino Cuellar. The trust members have no financial stake in Anthropic and hold the power to appoint and remove a majority of the company's corporate board members. Bernanke emphasized the enormous potential of AI and the importance of building proper institutions around it.
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Reuters Thu, July 9, 2026 at 10:33 AM PDT 1 min read
July 9 (Reuters) — Anthropic announced on Thursday that it has appointed former U.S. Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust, an oversight body responsible for ensuring the AI startup remains committed to its public mission.
A Nobel laureate in economic sciences, Bernanke led the Federal Reserve from 2006 to 2014, steering the central bank through the 2008 financial crisis.
"The potential of artificial intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build around it," Bernanke said in a statement.
Anthropic's Long-Term Benefit Trust is an independent body whose members are selected for their diverse expertise and have no financial stake in the startup. The company operates as a public benefit corporation, aiming to balance commercial success with social and public benefit.
Bernanke joins Neil Buddy Shah, Richard Fontaine, and Mariano-Florentino Cuellar on the trust. These members are independent of the company's management and investors and have the authority to appoint and remove a majority of Anthropic's corporate board members.
Bernanke previously chaired the economics department at Princeton University and built a body of research on the Great Depression and the role banks play in financial crises — work that earned him the Nobel Prize in 2022.
Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar
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Former Fed Chair Ben Bernanke joins Anthropic's AI oversight trust