AI’s new millionaires want to disrupt philanthropy. They should fund what already exists

The rise of new wealth from AI, exemplified by companies like SpaceX, Anthropic, and OpenAI, presents a large source of capital potentially available for social good. The article argues that instead of disrupting philanthropy, this money should fund existing nonprofits, which number 1.8 million in the U.S. These organizations are characterized as savvy operators with deep community knowledge capable of utilizing transformational investment successfully.