News Summary

• David Silver raised $1.1 billion from investors when he started Ineffable Intelligence.
• He also vowed to donate all the money he makes from any future sale of his company.
• Silver is the latest in a growing line of AI founders to pledge equity proceeds to charity.
• If OpenAI and Anthropic go public as planned, the AI industry could soon come to represent an increasingly outsize proportion of tech philanthropy..
• Could a pledge that scales with a company’s success come to justify unsavory business practices or reckless accelerationism?
• And is this go-around any different from previous iterations of Silicon Valley giving?