Software Developer at Giving What We Can, trying to make giving significantly and effectively a social norm.
Some quick thoughts on this, cross-posted from a chat group, largely because I'm very confused by people's and organizations strong reactions to this announcement, and usually when I disagree with everyone in the EA community I find out I'm missing some important context.
It looks like https://www.youtube.com/@EffectiveAltruismOfficial (which used to be https://www.youtube.com/c/EffectiveAltruismVideos ) unlisted almost all of their videos, including e.g. Ajeya Cotra's classic introduction to EA
Does anyone know who to reach out to to ask if this was intentional?
it is objectively nuts to put a 24-year-old with no experience in charge of a $50B hedge fund
That would indeed be nuts, but I think that's also clearly not what happened. My understanding is that he founded the fund himself, and he initially raised $100-200 million from a bunch of non-EA investors. See https://www.forourposterity.com/

Thanks to their spectacular returns they had a lot more assets under management, but my sense is that this is from normal investors who buy into the "AI is going to be big" thesis and were trying to make a profit.
I also found this article interesting, as well as the fact that Bloom Energy, IREN, Nebius, SanDisk, Micron, CoreWeave, and so on are up 10% to 30% since Wednesday
They certainly lost a lot of money in July and by being forced to sell, but per the WSJ Aschenbrenner wrote that the fund is still up 80% on the year.
The fund doesn't seem to be closing, and it looks like they weren't forced to sell their stake in Anthropic, so it's not clear to me how much of a failure or a success the project as a whole is so far.
See also this from the Financial Times.
Edit: see also this tweet claiming to be the full letter Aschenbrenner sent to his LPs last night.
Moskovitz confirmed that they are "surging budgets in 2026 across all categories"
https://bsky.app/profile/moskov.goodventures.org/post/3mrdb7fhfqs2w
I expect (most of?) their grantmaking in other areas will be less public, but unprecedentedly massive.
E.g. Dustin Moskovitz is personally aiming to donate ~$5M to Lightcone Commons
Oh! I had the idea that new posts start with 3 karma, but then I was wrong.
They start with a self-strong-upvote, which depends on the user karma https://github.com/centre-for-effective-altruism/ea-forum/blob/27d24f53b7dce59b770040e6ac9ff05fcb9c4b16/src/lib/votes/voteHelpers.ts#L71-L91
If you look at the newest posts on any given day, you'll see a number with 0 or 1 karma. If my understanding is correct, this means they have been downvoted.
I don't think this is correct, you can mouseover the karma score of a post to see the number of votes. E.g. here it has 1 karma from 1 vote (the automatic self-vote that is given when you post) and no downvotes

I think these posts are either not being shown on the frontpage to most people, or don't get voted on before disappearing
Thanks for the reply,
This would be a reasonable concern to have, but I think people are not worried about object-level issues because there is no effort to figure out empirical answers to object-level questions.
If people were concerned about financial safeguards/controls, they would ask what systems are in place at Manifund, what Ellison is actually responsible and not responsible for, if there is an independent board and what oversight does the board have on their finances and operations, and so on.
I would expect people with object-level concerns to be at least curious about some easily verifiable object-level things.
Your other comment linked to https://whatweare.substack.com/p/no-one-is-going-to-save-the-ea-brand . The claims in those posts (consistently with other posts from its author) are more in the direction of replacing CEA's leadership than anything about Ellison. A more PR-obsessed movement would either have prevented her from posting these things by forcing a confidentiality/non-disparagement clause in their settlement, or have cancelled CEA leadership several times for various reasons in the past few years. I think both options would have been worse than the status quo.
To be clear I really hope her role is not inconsequential, as her talents would otherwise be wasted, but importantly that it's not an executive role at a major organization, and she's not in charge of allocating significant amounts of funds.
As a reference class for other job options, co-conspirator Gary Wang is a staff software engineer at a 3D-imaging company, and Nishad Singh works at an undisclosed AI company in San Francisco
The for profit world seems more interested in effectiveness and in getting results than in canceling unpopular people compared to EA, which I find inefficient, and not the attitude I think is most appropriate to approach the worlds biggest problems.
A very important difference from CG is that Manifund does not decide where the funds go, but is a grantmaking platform where donors themselves are deciding what to fund. Ellison is not deciding who gets millions (as a CG grantmaker would) but is facilitating donations to projects that donors want to fund, so while hopefully it's a very consequential role here influence and power over the funding landscape is much more minor.
I don't think it's that separate: I mentioned it because I think it would be a bad choice at a much larger org while still being a good choice at manifund.
I agree, but I also think EAs are way overconfident in trying to predict what would make good PR or bad PR, and don't have great track record in this field.
If anyone will care about this at all, I think it's as likely as anything that it will be seen as Ellison trying to rehabilitate her image after her sentence.