AI companies say they want to give billions away. Will they actually do it?
AI companies say they want to give billions away. Will they actually do it?
Silicon Valley’s biggest names are making eye-watering philanthropic pledges, raising questions about their motivations and how much money will reach the public.
[Source image: Adobe Stock]
BY Chris Stokel-Walker
Some of Silicon Valley’s biggest names are digging deep into their pockets. Elon Musk has promised to give every child in America a share in SpaceX next year. That would amount to roughly 72 million shares worth $10.5 billion at recent prices. It’s a generous offer, although each child would receive about $146, a tiny fraction of Musk’s fortune, which has recently topped $1........
