In May 2021, FLI abruptly received a donation of Shiba Inu cryptocurrency worth $665 million from cryptocurrency mogul Vitalik Buterin. | Michael Ciaglo/Getty ImagesA young nonprofit pushing for strict safety rules on artificial intelligence recently landed more than a half-billion dollars from a single cryptocurrency tycoon — a gift that starkly illuminates the rising financial power of AI-focused organizations.spread across the U.S. and Europe.
That mission puts FLI on one side of a contentious debate about how and why to regulate artificial intelligence. Critics have said that long-term AI risk arguments like the ones FLI are pushing are speculative and downplay near-term harms of the technology, like discrimination or job loss. They also warn that provoking fear of AI among policymakers can serve the goals of the tech billionaires who fund many of these groups.
FLI might have remained as small as those organizations. But in May 2021, it abruptly received a donation of Shiba Inu cryptocurrency worth $665 million from crypto mogul Vitalik Buterin , is allowed to make philanthropic donations and
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