{"id":464087,"date":"2026-05-24T00:08:12","date_gmt":"2026-05-24T00:08:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/464087\/"},"modified":"2026-05-24T00:08:12","modified_gmt":"2026-05-24T00:08:12","slug":"opinion-what-a-i-philanthropists-can-learn-from-the-gilded-age","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/464087\/","title":{"rendered":"Opinion | What A.I. Philanthropists Can Learn From the Gilded Age"},"content":{"rendered":"<p class=\"css-ac37hb evys1bk0\">Soon enough, the major artificial intelligence companies will take their soaring valuations and go public. When they do, a great many very smart, very eccentric people will suddenly possess enormous liquid wealth \u2014 and many have committed to giving great sums of it away.<\/p>\n<p class=\"css-ac37hb evys1bk0\">The future of American philanthropy isn\u2019t the central drama of the A.I. age, but it isn\u2019t a sideshow, either. As Nan Ransohoff <a class=\"css-yywogo\" href=\"https:\/\/nanransohoff.substack.com\/p\/the-third-wave-of-american-philanthropy\" title=\"\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">wrote<\/a> this week on Substack, A.I. wealth could soon add as much as $100 billion to American charitable giving every year. She describes this as a potential \u201cthird wave\u201d of philanthropy, after the now-distant Carnegie and Rockefeller era and the recent Bill Gates and Warren Buffett wave. And she expects it to be focused on the \u201cA.I. transition\u201d and what lies beyond, especially questions of \u201cflourishing, meaning and what makes a life good\u201d in the shadow of increasingly capable machines.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Let\u2019s suppose she\u2019s right about the philanthropic rush and about the quest for meaning as an organizing impulse. I want to make a personal appeal to the A.I. philanthropists: Take a lesson from your Gilded Age predecessors, and treat beauty as a central charitable pursuit. Build monuments, statues, museums, universities, cathedrals, public gardens \u2014 and yes, even mansions for yourselves. Leave a physical legacy to future generations, not just a record of programs and disbursements. Recognize that meaning inheres in architecture, art and landscape as much as in more measurable goods.<\/p>\n<p class=\"css-ac37hb evys1bk0\">This was a great failure of the most recent philanthropic era. At its best, the infrastructure established by figures like Gates delivered effective efforts to reduce poverty and fight disease; at its worst, it threw money after fashionable political causes and education fads. But there was no real legacy when it came to physical infrastructure \u2014 no great beautification campaigns, no beloved architectural landmarks, no equivalent of the Gilded Age\u2019s expansions of museums and libraries and concert halls, and few personal expressions of extravagance (like the Newport mansions or Hearst Castle) for future tourists to admire.<\/p>\n<p class=\"css-ac37hb evys1bk0\">At the beginning of the 20th century, philanthropic dollars had already helped build the Metropolitan Museum of Art and Carnegie Hall, the campuses of Vanderbilt, Stanford and the University of Chicago, a network of urban parks, various impressive churches and an array of private homes that would themselves become public spaces within a few generations. Tastes vary, but I do not think that the monuments raised by today\u2019s superrich are in any way comparable.<\/p>\n<p class=\"css-ac37hb evys1bk0\">In part this reflects the challenges of building in a more regulated and sclerotic America, in part it reflects the failings of contemporary architecture. (Where new money builds new buildings, they often look like the Obama Star Destroyer in Chicago.)<\/p>\n<p class=\"css-ac37hb evys1bk0\">But it\u2019s also a problem with Silicon Valley culture specifically, where the idea that the rich person is supposed to be too busy to worry about taste has been folded into the entire tech enterprise, like a gray T-shirt, from the start.<\/p>\n<p class=\"css-ac37hb evys1bk0\">As Will Manidis <a class=\"css-yywogo\" href=\"https:\/\/x.com\/WillManidis\/status\/2057094527236665598\" title=\"\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">writes<\/a> in a recent essay on the cult of the techworld grinder, the Silicon Valley rich seem to have a \u201cterror of being seen to have money and to enjoy it,\u201d a terror of their excess wealth \u201cbeing visible and not disguised.\u201d This leads to a performative philistinism: I live in a box and wear the same outfit and eat bio-engineered slop so my company can crush all its competitors. I don\u2019t have time to be a snob or show off anything I\u2019ve made.<\/p>\n<p class=\"css-ac37hb evys1bk0\">But rich people prove their value to society not just in business success, but when they create things that only surplus can generate and only a cultivated taste can shape. And those creations, in turn, can make the worlds of ordinary people feel more elevated, transcendent and meaningful \u2014 whether they\u2019re attending a school or experiencing a concert or wandering in a park or even visiting a tycoon\u2019s home long after the original owner is dust.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Aesthetics is by no means the only place where meaning lies. But if A.I. money is going to work in this terrain, it cannot neglect beauty in the way that recent philanthropy has done.<\/p>\n<p class=\"css-ac37hb evys1bk0\">I know of at least one tech founder, Stripe\u2019s Patrick Collison, who is putting money into the <a class=\"css-yywogo\" href=\"https:\/\/newaesthetics.art\/\" title=\"\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">search for new aesthetic schools<\/a>. My advice to others who want to follow his example is to take a Waymo from your tech HQ or frontier A.I. lab over to the Palace of Fine Arts in San Francisco, part of the Panama-Pacific International Exposition in 1915, which was funded partially by public money, but partially by that era\u2019s gilded rich. Like other such expositions, most of the buildings were dismantled, but the Palace was beloved and endured, with a later reconstruction enabling its permanence.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Sit there for a while, in a space that\u2019s relatively \u201cuseless\u201d and yet essential to its city. Figure out what the people who funded its construction understood about beauty and the good life. Now go thou and build likewise.<\/p>\n","protected":false},"excerpt":{"rendered":"Soon enough, the major artificial intelligence companies will take their soaring valuations and go public. When they do,&hellip;\n","protected":false},"author":2,"featured_media":464088,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,1122,2273,218,219,25583,102389,147194,169799,166665,61,60,10159,4540,4896,59982,51999,80,200736],"class_list":["post-464087","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-architecture","tag-art","tag-artificial-intelligence","tag-artificialintelligence","tag-bill","tag-buffett","tag-collison","tag-gates","tag-historic-buildings-and-sites","tag-ie","tag-ireland","tag-metropolitan-museum-of-art","tag-museums","tag-patrick","tag-philanthropy","tag-san-francisco-calif","tag-technology","tag-warren-e"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/464087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=464087"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/464087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/464088"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=464087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=464087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=464087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}