AI companies are going to give away money. This is how they strengthen their grip on the world

AI companies are planning to give away money to strengthen their influence. Anthropic announced a philanthropic fund, allocating 5% of its shares, potentially worth $75 billion. Elon Musk promised to give SpaceX shares to every child in America, valued at $11.5 billion. These initiatives could shift wealth distribution responsibilities from governments to tech giants, raising concerns about their influence on societal welfare. Anthropic's fund will be guided by a select group, reflecting effective altruism, while Musk's approach aligns with his techno-libertarian views, emphasizing minimal government involvement. The implications of these actions on wealth inequality and societal structures are significant.