A look at Anthropic's Long-Term Benefit Trust, an unusual, opaque five-member trust whose trustees own no equity and hold enormous sway over the company (Theo Francis/Wall Street Journal)

Anthropic's Long-Term Benefit Trust is an unusual, opaque five-member trust whose trustees own no equity and hold enormous sway over the company. The AI company has shared few details on the dynamics of the five-person trust empowered to shape its board and block major moves.