I just read a Substack on the volume of #@AI philanthropic capital in the anticipated American Philanthropy 3.0. The numbers are boggling.
Using back-of-the-envelope calculations (BOTECs) and Fermi estimates the new wave will bring anywhere from $37 B to $100B in philanthropic capital every year.
This is on top of the baseline $600B from American philanthropists.
The Substack's writer argues that America is not ready for that deluge of money, even with the current capacity of EA aligned grant makers allocating anywhere from $150m to $1b a year.
If America isn't ready, is Africa ready?
Or perhaps it doesn't concern us, since it's America's money?
Thoughts?
Link to the substack is in the comments
