Netflix chairman Reed Hastings joins board of AI giant Anthropic

Netflix Chairman Reed Hastings is joining the board of San Francisco-based artificial intelligence company Anthropic.

Anthropic, valued at $61.5 billion after its most recent funding round in March, is known for its AI chatbot model Claude.

“Anthropic is very optimistic about the AI benefits for humanity, but is also very aware of the economic, social, and safety challenges,” Hastings said. “I’m joining Anthropic’s board because I believe in their approach to AI development, and to help humanity progress.”

Netflix is one of the world’s most prolific producers of movies and TV shows, known for its content recommendation algorithm.

Hollywood is grappling with the implications of generative artificial intelligence, which studios believe could save money and time, but also comes with downsides. Labor groups fear job displacement, and there are also concerns about the use of copyrighted material when training AI models.

Hastings was selected by Anthropic’s Long Term Benefit Trust, which the company describes as “five financially disinterested members” that can select and remove a portion of the board.

The group selected Hastings because of his leadership experience, philanthropic work and “commitment to addressing AI’s societal challenges makes him uniquely qualified to guide Anthropic at this critical juncture in AI development,” said Buddy Shah, chair of Anthropic’s Long Term Benefit Trust, in a statement.

Hastings will join the company’s five-member board, which includes Anthropic Chief Executive Dario Amodei, President Daniela Amodei, investor Yasmin Razavi and Jay Kreps, CEO of Mountain View-based data streaming firm Confluent.

Hastings served as CEO or co-CEO of Netflix for 25 years until 2023. He currently serves on the boards of other organizations including Bloomberg, the financial data and media company.

He has donated money to charter school networks serving low-income U.S. communities and recently gave $50 million to Bowdoin College to establish the Hastings Initiative for AI and Humanity that aims to help the school provide ethical frameworks for AI and examine AI’s impact on work and education.