Anthropic, an artificial intelligence start-up, has named Ben Bernanke, the former chairman of the U.S. Federal Reserve, to its Long-Term Benefit Trust, the company announced Thursday. The trust serves as an oversight entity, tasked with ensuring that Anthropic remains aligned with its public mission.

Bernanke, a Nobel laureate in economic sciences, led the Federal Reserve from 2006 to 2014, a period that included guiding the central bank through the financial crisis of 2008. In his statement, he emphasized the significant potential of artificial intelligence and the critical role that institutions will play in shaping its impact.

The Long-Term Benefit Trust is an independent body comprising members selected for their varied expertise. Trust members hold no financial interest in Anthropic, underlining the entity’s commitment to operate as a public benefit corporation. This structure reflects the company’s intent to prioritize long-term societal benefits as artificial intelligence technologies evolve.