Tech IPOs set up windfall for effective-altruist philanthropy

Semafor reports that effective altruism — a philanthropic movement focused on data-backed interventions like distributing bed nets and financing eye surgeries — is poised to receive tens of billions of dollars from anticipated tech IPOs. The movement spans from AI safety to animal welfare. Yet it still grapples with the collapse of Sam Bankman-Fried, once its most prominent champion, whom it stands accused of enabling, and with charges it empowered cult-like structures. A viral essay frames this as the third wave of American philanthropy, following industrial fortunes and software-era wealth.

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