Back
FTX Future Fund plans to deploy \$1B for safer AI and reduced biorisk
webThis article is historically notable as it announced major AI safety funding that ultimately never materialized after FTX's collapse in November 2022, serving as a cautionary case study on funding concentration risk in the AI safety ecosystem.
Metadata
Importance: 28/100news articlenews
Summary
The FTX Future Fund, backed by FTX founder Sam Bankman-Fried, announced plans to deploy approximately $1 billion toward AI safety research and reducing biological risks. The fund positioned itself as a major philanthropic actor in the existential risk reduction space, focusing on longtermist causes including technical AI safety work.
Key Points
- •$1 billion deployment planned for AI safety and biorisk reduction through the FTX Future Fund longtermist initiative
- •Fund focused on existential and catastrophic risk reduction, aligning with effective altruism and longtermist philanthropic priorities
- •Represented one of the largest announced funding commitments to AI safety at the time of publication (early 2022)
- •FTX Future Fund collapsed in late 2022 following FTX's bankruptcy, leaving many grantees and pledges unfulfilled
- •Highlights the concentration risk and fragility of AI safety funding when dependent on a single crypto-linked philanthropic source
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| FTX Future Fund | Organization | 60.0 |
Cached Content Preview
HTTP 200Fetched Mar 20, 202616 KB
# FTX to deploy $1B through Future Fund for safer AI, reduced biorisk
By
[Cryptocurrency](https://www.investing.com/news/cryptocurrency-news)
Published 03/01/2022, 07:09 AM
Updated 03/02/2022, 08:40 AM
FTX to deploy $1B through Future Fund for safer AI, reduced biorisk
[View all comments (0)0](https://www.investing.com/news/cryptocurrency-news/ftx-to-deploy-1b-through-future-fund-for-safer-ai-reduced-biorisk-2776124#comments-2776124)
FTX to deploy $1B through Future Fund for safer AI, reduced biorisk
Global crypto exchange platform FTX launched a fund called the FTX Future Fund with an aim to support long-term improvements for humankind. The project will deploy up to a billion dollars to support projects focusing on safe artificial intelligence development, reducing biorisk dangers, effective altruism and more.
According to the announcement, the team will support both non-profit and for-profit ventures as long as it aligns with the fund's mission such as protecting future generations by addressing issues such as poverty and environmental problems. The fund also aims to look for projects pushing technological progress forward.
[Continue Reading on Coin Telegraph](https://cointelegraph.com/news/ftx-to-deploy-1b-through-future-fund-for-safer-ai-reduced-biorisk)
## Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI.
Year to date, 2 out of 3 global portfolios are beating their benchmark indexes, with 88% in the green. **Our flagship Tech Titans strategy doubled the S&P 500 within 18 months**, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%).
Which stock will be the next to soar?
[Pick Stocks with AI](https://www.investing.com/pro/pricing)
FTX to deploy $1B through Future Fund for safer AI, reduced biorisk
[View all comments (0)0](https://www.investing.com/news/cryptocurrency-news/ftx-to-deploy-1b-through-future-fund-for-safer-ai-reduced-biorisk-2776124#comments-2776124)
## Latest comments
Post
Comment Guidelines
[Trade With A Regulated Broker](https://www.investing.com/brokers/)
Indices
Commodities
Bonds
Stocks
1D
1W
1M
6M
1Y
5Y
Max
[US 30](https://www.investing.com/indices/us-30-futures?cid=1175152 "US 30 Cash - (CFD)")
46,141.50
+119.4
+0.26%
[US 500](https://www.investing.com/indices/us-spx-500-futures?cid=1175153 "US 500 Cash - (CFD)")
6,619.90
+13.4
+0.20%
[Dow Jones](https://www.investing.com/indices/us-30 "Dow Jones Industrial Average")
46,021.43
-203.72
-0.44%
[S&P 500](https://www.investing.com/indices/us-spx-500 "S&P 500 - (CFD)")
6,606.49
-18.21
-0.27%
[Nasdaq](https://www.investing.com/indices/nasdaq-composite "NASDAQ Composite")
22,090.69
-61.73
-0.28%
[S&P
... (truncated, 16 KB total)Resource ID:
d2bbb62135f6c57e | Stable ID: YTI5YWYwYT