Earlier quoted context omitted.
Note that GiveWell is sticking to its original mission of evaluating charities based on scientific studies and isn't recommending AI funding. However I'll push back on this. If it's okay for the government to fund basic scientific research where the benefits are long-term and unpredictable, why not private individuals? Or are you saying research shouldn't be funded at all?
I think it's fine for private individuals to do it (though I disagree with their choice), but not to claim that it's evidence-based Effective Altruism while doing so - it is an emotionally-led value judgment, just like donating to my local dog shelter would be (which I understand others may disgree with). That said, I do recognise now that effectivealtruism.org does not represent the entirety of the movement; I have…
While I think it's important to fund such research, it's a good point that funding orgs should either be evidence-based or not. Funding some things based on evidence and other things based on hunches might be an unstable combination. Once hunches are allowed, they could easily drift into funding things where the evidence says it's ineffective, but it gets overruled.