SITUATION EXPLAINED: Anthropic has long warned about AI concentrating power, and its IPO filing gives its 7 co-founders 50.1% of the vote. • That 50.1% is locked in, so selling new shares won’t dilute the founders’ control • A separate share class lets the Long-Term Benefit Trust, 5 trustees with no financial stake, elect a majority of the board • The filing itself lists this concentration of voting power as a risk for public investors • It also warns its AI models could act in "unintended,…