OpenAI and Anthropic IPO Looms... 'AI New Wealthy' Philanthropy Plans Spark Industry Buzz

With OpenAI and Anthropic's initial public offerings (IPOs) approaching, attention is shifting beyond the AI industry to their potential societal and political impact. Employees who may become major wealth accumulators are preparing to leverage their substantial fortunes toward 'AI safety' and 'philanthropy' initiatives. A conference held in San Francisco's American Banknote Museum on September 9 gathered over 100 attendees, including OpenAI Foundation and Anthropic employees, to discuss 'What should we do with this money?' organized by the non-profit Asterisk Foundation. OpenAI aims for a $100 billion valuation through its IPO, while Anthropic recently secured a $9.65 billion valuation. Both companies have submitted IPO applications, though specific dates remain pending. Analysis suggests Anthropic's IPO could elevate its seven co-founders to the $17 billion wealth bracket, with early employees reaching millions in assets. OpenAI Foundation holds an 8.5% stake valued at $18 billion. Their prominence stems from rising as a new philanthropy class in Silicon Valley, leading the 'Effective Altruism' movement. This group advocates for AI safety and alignment to prevent existential risks, gaining traction since the 2020s. Notable members include Sam Altman's ousted board members and the Amodei siblings. Both founders have pledged to donate 80% of their wealth, with employees actively participating. The influx of capital is energizing related ecosystems, with Effective Altruism websites seeing a 500% increase in job postings and AI governance nonprofits offering six-figure salaries for policy and communication roles.