A new chief of staff has joined the Anthropic Institute to study the economic, societal, and governance effects of frontier AI.

Charles Yang started his role at the artificial intelligence company last month, he wrote in a recent post on X.

"I’m excited to be working with Jack Clark and the institute’s research teams — from economics and rule of law to societal impacts and the frontier red team — to surface important data from inside Anthropic about what’s happening at the frontier of AI," he wrote.

Yang also previously worked as an AI for Science Fellow at Renaissance Philanthropy. He was an AI policy Advisor at the Office of Critical and Emerging Technologies for the U.S. Department of Energy. He began his career as a machine learning software engineer at computer hardware manufacturer SambaNova Systems.

Anthropic has been hiring at a rapid pace as the company continues on the path to an IPO. Earlier this month, the company expanded its push into legal AI with a key leadership hire, appointing Robert Maharias the company’s first head of Claude for Legal.

In May, Anthropic hired the co-founder of OpenAI and former director of artificial intelligence and Autopilot Vision at Tesla, Andrej Karpathy. He expects to create a new team focused on using Claude to speed up research on pre-training, an Anthropic spokesperson told TechCrunch.

The Claude maker also brought on cybersecurity veteran Chris Rohlf to its frontier red team earlier this year. Rohlf previously worked with Yahoo’s security unit known as “The Paranoids,” and later spent six years at Meta.

Anthropic is on the brink of a market debut with a valuation reported to be $2 trillion or more in its forthcoming October IPO.

Supporters of Anthropic say strong demand for its advanced AI models and tools warrants the lofty expectations, forecasting that the company’s annual revenue could reach $100 billion to $120 billion by the end of 2026, more than a tenfold increase over the year.

CNBC commentator Jim Cramer defended Anthropic’s potential $2 trillion IPO valuation reported today, arguing it’s justified if backed by strong revenues rather than indicating a market bubble.

Cramer pushes back on "out of hand" criticism by focusing on revenue growth, highlighting sustainable high multiples for fast-scaling AI companies.

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