Sam Bankman-Fried Promised Millions To Nonprofits, Research Groups. That’s Not Going Too Well Now.

The collapse of crypto exchange FTX cuts off a key source of financing for a philanthropic movement called Effective Altruism and its University of Oxford boosters.

Some grants were pledged to rather obscure, or even zany initiatives. Brian Christian, a researcher and author, was promised a $300,000 book advance in May to publish a work that “explores the nature of human values and the implications for aligning AI with human preferences.” YouTube channel Rational Animations, which puts out animated videos explaining Effective Altruism, was promised $400,000. ALLFED, a U.K.

During its brief existence, the Future Fund, like Bankman-Fried, was shooting for the stars: “It’s okay if you think your project will probably fail, as long as the upside is big enough if you do succeed,” explains the

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