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The story behind the story

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An analysis based on OpenAI's and Anthropic's current valuations suggests ~$370B of philanthropic assets tied to the two AI companies could soon become liquid

AI is about to generate hundreds of billions in new philanthropic funding.  We have a huge amount of work to do to make the most of it.

Nan's Substack Nan Ransohoff

Discussion

  • @zebriez Brie Wolfson on x
    “We're short thousands of ‘philanthropic startups’ and the talent to run them” If you're thinking about worthwhile causes to spend your time on, this is certainly one of them. Lever is incredible long. To invoke another Nan'ism, appoint yourself a GM of it and go!
  • @jacksondahl Jackson Dahl on x
    Excellent essay from Nan on the coming wave of AI-era philanthropy and the latent opportunity in billions of dollars of newly created wealth flowing toward public goods. Her central case: what if we modeled public goods funding more like Silicon Valley's startup ecosystem? What
  • @andy_matuschak Andy Matuschak on x
    Intense vertigo thinking about @nanransohoff's numbers. Based on current pledges/valuations, AI philanthropic giving would saturate an additional 300+ Arc Institutes, i.e. an extra 80K employees. Or 5,000 Institutes for Progress, demanding 200K employees! https://nanransohoff.sub…
  • @nanransohoff Nan Ransohoff on x
    New blog post: The third wave of American philanthropy Hundreds of billions of dollars in new philanthropic capital will soon become liquid. The OpenAI Foundation holds 26% of OpenAI, worth about $220B at today's valuation. Anthropic's seven co-founders have pledged to give away
  • @dwarkesh_sp Dwarkesh Patel on x
    One of the most important and under appreciated trends in the world right now. 1. 100s of billions of dollars will soon be available to solve big problems (making the world resilient to ASI, ending factory farming, etc). 2. The projects and organizations which will turn
  • @tszzl Roon on x
    it will be very hard to productively spend this scale of philanthropic capital effectively, it seems already quite hard
  • @patrickc Patrick Collison on x
    Important post.
  • @alexisohanian Alexis Ohanian on x
    Great report! I've learned a lot since I started my foundation 4 years ago and I'm so impressed by how folks like @patrickc have built philanthropic endeavors that have the hallmarks of high-performing startups. We need these now more than ever https://nanransohoff.substack.com/ …
  • @logangraham Logan Graham on x
    Within ~2 years, there might be >0.5 Manhattan Projects worth of philanthropic $$$ to spend on the biggest challenges, like cyber or biodefense. @nanransohoff is right: the hard part is finding enough good organizations to spend the $. You should build one!
  • @albrgr Alexander Berger on x
    Characteristically great post from Nan. Most people are really sleeping on the importance of the OpenAI Foundation - it's already displaced Gates as the biggest foundation in the country by assets. [image]
  • @alecstapp Alec Stapp on x
    We are entering a new era where the binding constraint on philanthropic startups is no longer funding. The scarce factors are good ideas & the talent who can execute on them. Now is the time for entrepreneurial people to start new organizations that create public goods. [image]
  • @gladstein Alex Gladstein on x
    Will this wave of philanthropy support open-source, open-weight, sovereign AI? Or will it try to enforce “AI safety” and work with governments to control what people can use? Probably one of the most important questions of our time Sadly I think the latter
  • Jennifer Doleac Jennifer Doleac on linkedin
    This is an excellent and motivating read.  —  Three big things I've learned since I left academia and moved to the grant-making side (at Arnold Ventures) 3 years ago: …
  • @deanwball Dean W. Ball on x
    The answer to this strikes me as obvious: “yes.” Presumably OP is not saying, “this wealth should be spent on Porsches and Pateks instead of being spent on philanthropy!” Rather she seems to be hinting that the government should expropriate this wealth and spend it on <?????>.
  • @janeaflegal Jane Flegal on x
    I think there's a threshold question here that isn't being asked, which is whether this scale of philanthropy is desirable in a democracy to begin with
  • r/neoliberal r on reddit
    The third wave of American philanthropy