AI windfalls revive effective altruism after Bankman-Fried turmoil

Expected IPOs for Anthropic and OpenAI are set to create a new wave of philanthropists committed to 'effective giving,' reviving the effective altruism movement after the turmoil caused by Sam Bankman-Fried's FTX collapse. The Financial Times reports that these AI companies' public listings will generate substantial wealth for founders and early employees, many of whom are dedicated to evidence-based charitable giving.