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An "effective altruism" charity backed by Sam Bankman-Fried is set to close. The jailed former crypto billionaire was a major proponent of effective altruism. AdvertisementA UK-based "effective altruism" charity funded by the disgraced former cryptocurrency billionaire Sam Bankman-Fried is set to close. Effective Ventures Foundation UK, originally incorporated in 2012, reported income of more than £140 million in 2022, which is around $177 million as of April 2024. The UK Charity Commission also opened an inquiry into Effective Ventures UK in December 2022 in order to assess any potential risks to the charity's assets.
Persons: Sam Bankman, , Luke Kemp, Michael Lewis, Fried Organizations: Service, Ventures Foundation, University of Oxford, University of Cambridge's, Harvard Law School, Alameda Research, Financial Times, UK, Commission, Ventures UK Locations: Oxford, Silicon Valley, FTX
Sam Bankman-Fried was a proponent of effective altruism: earning as much as possible to give your wealth away. He had a huge influence on the effective-altruism movement, which counts Silicon Valley tech workers and Oxford University academics among its fans. 'Devastated'Bankman-Fried was the main funder of Future Fund, a charitable project run by the FTX Foundation. "We joined the Future Fund to support incredible people and projects," they said, "and this outcome is heartbreaking to us." Science groups that had received money from the Future Fund told the magazine Science in mid-November that they were unsure of their funding's future.
In the case of Elon Musk v. Charismatic Megafauna, the agency intends to publish its final report in late April. Musk went on: "Either explicitly or implicitly some people seem to think that humans are a blight on the Earth's surface. Musk is talking about existential risk, the idea that something — an asteroid, a rogue artificial intelligence — might kill every human on Earth. And if you assume that future human minds will "mainly be implemented in computational hardware instead of biological neuronal wetware," as Bostrom does, you end up with a mind-boggling 1054 human lives. Musk has made the defense of "future life" his mission.
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