# Anthropic's Board Now Answers to a Trust With No Equity. Nobody Knows What That Means. - slug: anthropics-board-now-answers-to-a-trust-with-no-equity-nobody-knows-what-that-means - date: 2026-04-15 - category: Artificial Intelligence With Narasimhan appointed by a financially disinterested Trust, trust-appointees now control a board majority at the moment Anthropic is reportedly preparing an IPO — raising questions about governance as it courts public market credibility. ---