How AI Company IPOs Could Spark a New Wave of Philanthropy
By
David Wallace-Wells
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
The article discusses how the wave of AI company IPOs is creating a new class of tech billionaires, and explores what these fortunes might mean for philanthropy. It references predictions of a "third wave of American philanthropy" (following the robber barons and tech giants like Gates/Buffett), and notes that AI billionaires have floated various compensatory proposals like universal basic income, a New Deal for AI, and income redistribution as they face growing backlash against AI.
Key quotes
· 3 pulledWhat do the great fortunes made from artificial intelligence owe the rest of us?
We may be about to get another vision, from what Stripe's Nan Ransohoff predicted recently would be 'the third wave of American philanthropy.'
The first wave involved the robber
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