Anthropic and OpenAI employees are expected to give generously after their companies go public. “It’s going to be a wild ride,” says one nonprofit leader.

A decade ago, Ryan Carrier was a failed hedge fund manager watching as AI systems began to spin out of control. Facebook’s algorithms shook US elections, a Microsoft chatbot said the Holocaust was “made up,” and Tesla’s Autopilot killed its first driver. “There was no governance, oversight, or accountability,” Carrier says. To him, the AI-filled future awaiting his children looked bleak.

Carrier went on that year to found ForHumanity, a nonprofit organization developing tools for auditing AI systems. But it has raised just hundreds of thousands of dollars since 2016 and is still a minor player in the industry. But that could soon change, because ForHumanity is now among the many nonprofits around the world trying to rein in AI, get animals out of cages, eliminate poverty and sickness, and spread democracy that are eager to claim a slice of what’s widely anticipated to be the largest wave of philanthropy in decades.

Two nearly trillion-dollar AI companies, ChatGPT developer OpenAI and Claude creator Anthropic, are expected to go public soon, making hundreds of current and former employees ultrawealthy. Some of them are aligned with a philosophy known as effective altruism that encourages making impactful donations sooner rather than later.

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