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Effective Altruism

All articles tagged with #effective altruism

philanthropy1 year ago

"Elie Hassenfeld Discusses the Bargain of Saving Lives for $5,000"

Elie Hassenfeld, CEO of GiveWell, emphasizes the importance of specific, utilitarian giving in the realm of effective altruism, recommending charities such as Malaria Consortium and Against Malaria Foundation. GiveWell's focus on evidence-based charity and cost-effectiveness has led to significant impact, with $5,000 estimated to save about one life through interventions like insecticide-treated bed nets. Hassenfeld discusses the challenges of delivering clean water and the need for transparent, data-driven approaches in philanthropy, while also addressing criticisms and complexities in the field.

via WIRED|
#charity#effective-altruism#givewell
technology-and-politics2 years ago

"Culture Clash: The AI Debate Between DC and Silicon Valley"

A group of Silicon Valley's effective altruists (EAs) has influenced Washington's approach to artificial intelligence (AI), advocating for policies to prevent existential risks they believe AI poses to humanity. Backed by tech billionaires, these EAs are pushing for sweeping laws to align AI with human goals and values, including new reporting rules for AI models and restrictions on AI with biotechnology. Critics argue that EAs, often funded by organizations like Open Philanthropy, are distracting from AI's current impacts, such as racial or gender bias, and may be acting in the self-interest of the tech industry. Despite skepticism, the significant funding from EA-linked groups has given the movement considerable sway in the AI and biosecurity debate in Washington.

via POLITICO|
#ai-existential-risk#artificial-intelligence#effective-altruism
financeethics2 years ago

"Examining the Future of Effective Altruism Amidst High-Profile Controversies"

The philosophy of effective altruism, once championed by FTX founder Sam Bankman-Fried, faces scrutiny following his company's collapse. Critics question the integrity of the movement as it was associated with Bankman-Fried, whose financial practices have come under investigation. The future of effective altruism is now uncertain as it grapples with the fallout from its association with the disgraced crypto entrepreneur.

via Financial Times|
#cryptocurrency#effective-altruism#financeethics
technology2 years ago

Tech Billionaires' Think Tank Influences Biden's AI Order, Gains Support from Healthcare Providers and Payers

The RAND Corporation, a prominent think tank with ties to tech billionaires, played a significant role in drafting President Joe Biden's executive order on artificial intelligence (AI). The order includes reporting requirements for powerful AI systems, aligning with the priorities of Open Philanthropy, a group that donated over $15 million to RAND. Open Philanthropy, funded by tech billionaires, focuses on effective altruism and the potential risks of AI. RAND's CEO and senior information scientist are known effective altruists, and they have close ties to AI companies. Some RAND employees have raised concerns about the think tank's association with effective altruism and its impact on objectivity.

via POLITICO|
#ai#effective-altruism#executive-order
technology2 years ago

"Sam Altman Unveils Adorable Moniker for the Singularity: 'Magic Intelligence in the Sky'"

OpenAI, led by CEO Sam Altman, aims to build Artificial General Intelligence (AGI), which Altman refers to as "magic intelligence in the sky." The company's six-member board, including Altman, will determine when AGI has been achieved. OpenAI's board members have ties to the Effective Altruism movement, which advocates for using wealth to address global issues. While OpenAI has gained attention and investment, there are doubts about its ability to deliver AGI, as its current language models, such as ChatGPT, have limitations. Altman plans to capture wealth through AGI and redistribute it, but details on how this will be done remain unclear.

via Gizmodo|
#artificial-general-intelligence-agi#effective-altruism#gpts
cryptocurrency2 years ago

"Michael Lewis Reveals Sam Bankman-Fried's Daily Half-Million Dollar Losses After Alameda Launch"

Sam Bankman-Fried, founder of Alameda Research and FTX exchange, reportedly lost millions of dollars in the early days of the trading firm. Bankman-Fried raised nearly $170 million from investors in the Effective Altruism community, intending to invest in the crypto markets. However, Alameda suffered significant losses, with over $500,000 lost daily for a month. Poor fund management and unsuccessful trading strategies contributed to the losses. The situation improved when Gary Wang and Nishad Singh joined the firm, implementing a successful quantitative trading system and managing the company, leading to the establishment of FTX.

via CoinDesk|
#alameda-research#crypto-markets#cryptocurrency
cryptocurrency2 years ago

Sam Bankman-Fried's Altruistic Actions and Personal Struggles Unveiled

A former software engineer at Alameda Research has claimed that the ideology of effective altruism was used to justify "increasingly risky and ridiculous" actions at crypto exchange FTX, leading to its collapse. Effective altruism, which advocates making as much money as possible to give away later, influenced decision-making processes at the company and veered into an ends-justify-the-means style of thinking. FTX founder Sam "SBF" Bankman-Fried's belief in his supposedly altruistic motives may explain his staunch denial of the charges against him. The engineer hopes the trial will shed light on the events leading to FTX's downfall.

via Cointelegraph|
#alameda-research#collapse#cryptocurrency