Thoroughly agree except for what to do with money. I expect that throwing money at orgs that are trying to slow down AI progress (eg PauseAI, or better if someone makes something better) gets you more utility per dollar than nvidia (and also it’s more ethical).
Edit: to be clear, I mean actual utility in your utility function. Even if you’re fully self-interested and not altruistic at all, I still think your interests are better served by donating to PauseAI-type orgs than investing in nvidia.
I think if the question is “what do I do with my altruistic budget,” then investing some of it to cash out later (with large returns) and donate much more is a valid option (as long as you have systems in place that actually make sure that happens). At small amounts (<$10M), I think the marginal negative effects on AGI timelines and similar factors are basically negligible compared to other factors.
10M$ sounds like it’d be a lot for PauseAI-type orgs imo, though admittedly this is not a very informed take.
Anyways, I stand by my comment; I expect throwing money at PauseAI-type orgs is better utility per dollar than nvidia even after taking into account that investing in nvidia to donate to PauseAI later is a possibility.
I do think it’s conceptually nicer to donate to PauseAI now rather than rely on the investment appreciating enough to offset the time-delay in donation. Not that it’s necessarily the wrong thing to do, but it injects a lot more uncertainty into the model that is difficult to quantify.
Thoroughly agree except for what to do with money. I expect that throwing money at orgs that are trying to slow down AI progress (eg PauseAI, or better if someone makes something better) gets you more utility per dollar than nvidia (and also it’s more ethical).
Edit: to be clear, I mean actual utility in your utility function. Even if you’re fully self-interested and not altruistic at all, I still think your interests are better served by donating to PauseAI-type orgs than investing in nvidia.
I think if the question is “what do I do with my altruistic budget,” then investing some of it to cash out later (with large returns) and donate much more is a valid option (as long as you have systems in place that actually make sure that happens). At small amounts (<$10M), I think the marginal negative effects on AGI timelines and similar factors are basically negligible compared to other factors.
10M$ sounds like it’d be a lot for PauseAI-type orgs imo, though admittedly this is not a very informed take.
Anyways, I stand by my comment; I expect throwing money at PauseAI-type orgs is better utility per dollar than nvidia even after taking into account that investing in nvidia to donate to PauseAI later is a possibility.
I do think it’s conceptually nicer to donate to PauseAI now rather than rely on the investment appreciating enough to offset the time-delay in donation. Not that it’s necessarily the wrong thing to do, but it injects a lot more uncertainty into the model that is difficult to quantify.