The nonprofit that investigated OpenAI’s rogue agents runs on a $36m grant. The next wave of that money is waiting on the AI IPOs.

American philanthropy is about to absorb something in the region of $40bn a year in new annual spending from AI wealth, Coefficient Giving chief executive Alexander Berger told Semafor editor-in-chief Ben Smith in an interview published on Thursday. That is four or five Gates Foundations of yearly…