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Grantees Affected by FTX Collapse Including Our World in Data (BBC, 2022)
webCredibility Rating
4/5
High(4)High quality. Established institution or organization with editorial oversight and accountability.
Rating inherited from publication venue: BBC
Relevant to understanding the AI safety funding landscape and the risks of funding concentration; the FTX collapse represented a major disruption to EA-aligned AI safety research funding in late 2022.
Metadata
Importance: 35/100news articlenews
Summary
BBC News coverage of the FTX cryptocurrency exchange collapse and its downstream impact on effective altruism and AI safety organizations that received FTX Future Fund grants. The article highlights how prominent grantees like Our World in Data faced sudden funding loss when FTX filed for bankruptcy in November 2022. This event significantly disrupted the EA and AI safety funding landscape.
Key Points
- •FTX's collapse in November 2022 led to the dissolution of the FTX Future Fund, which had committed hundreds of millions to EA and AI safety causes
- •Organizations like Our World in Data that had accepted or were expecting FTX grants faced sudden funding uncertainty
- •The FTX Future Fund had been one of the largest funders of AI safety and existential risk research
- •The collapse raised questions about funding concentration risk and due diligence in the EA funding ecosystem
- •FTX Future Fund staff publicly resigned and apologized to grantees who were left without promised funding
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| EA and Longtermist Wins and Losses | -- | 53.0 |
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