Effective altruism, hit by the SBF turmoil, is drawing record funding as Anthropic and OpenAI IPOs are set to mint new millionaires wedded to "effective giving" (Financial Times)

Despite the turmoil caused by SBF, effective altruism is attracting record funding. This surge is largely driven by the anticipated IPOs of Anthropic and OpenAI, which are expected to create new millionaires committed to "effective giving." These new philanthropists are poised to inject significant capital into the movement, reinforcing its principles even after recent controversies.