> AI is about to generate 100s of billions in new philanthropic funding. We have a huge amount of work to make the most of it.
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> Hundreds of billions of dollars in new philanthropic capital will soon become liquid. The OpenAI Foundation (The non-profit) holds 26% of OpenAI, worth about $220B at today’s valuation. Anthropic’s seven co-founders have pledged to give away 80% of their wealth and have instituted the most aggressive donor matching program for employees in tech history.
> AI will likely add ~$37–100B per year in intended philanthropic spend in the near future
I am not entirely sure because she assumes 10 percent of available assets can be reasonably spent every year. I would assume the most conservative of estimates throughout.
> Why 10%? Foundations payout on average 5-9% per year. DAFs payout on average 20-25% per year. So, 10% is pretty conservative by these numbers.
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Anthropic has Effective Altruism roots.
OpenAI Foundation has the following on their page:
Sorry for the double ping. The earlier link had maybe my account info in it.
hypsignathus on
Are they currently making philanthropic contributions at any scale?
I am have always been skeptical of EA because of its “make a bunch of money then donate” scheme… it’s vulnerable to being used as an excuse to just make a bunch of money.
Planning for philanthropy tied to revenue not yet realized is cool and all, and probably worth while, but I’m holding off on giving props for philanthropy until it’s actually happening.
2 Comments
> AI is about to generate 100s of billions in new philanthropic funding. We have a huge amount of work to make the most of it.
– – –
> Hundreds of billions of dollars in new philanthropic capital will soon become liquid. The OpenAI Foundation (The non-profit) holds 26% of OpenAI, worth about $220B at today’s valuation. Anthropic’s seven co-founders have pledged to give away 80% of their wealth and have instituted the most aggressive donor matching program for employees in tech history.
> AI will likely add ~$37–100B per year in intended philanthropic spend in the near future
I am not entirely sure because she assumes 10 percent of available assets can be reasonably spent every year. I would assume the most conservative of estimates throughout.
> Why 10%? Foundations payout on average 5-9% per year. DAFs payout on average 20-25% per year. So, 10% is pretty conservative by these numbers.
– – –
Anthropic has Effective Altruism roots.
OpenAI Foundation has the following on their page:
> Life Sciences and curing diseases
> AI resilience
https://openaifoundation.org/
!ping AI&ALTRUISM
Sorry for the double ping. The earlier link had maybe my account info in it.
Are they currently making philanthropic contributions at any scale?
I am have always been skeptical of EA because of its “make a bunch of money then donate” scheme… it’s vulnerable to being used as an excuse to just make a bunch of money.
Planning for philanthropy tied to revenue not yet realized is cool and all, and probably worth while, but I’m holding off on giving props for philanthropy until it’s actually happening.