Insufficient resources are currently devoted to the mitigation of extinction risks. This is the argument of organizations such as the Lifeboat Foundation, the Singularity Institute, and the Oxford Future of Humanity Institute. In the web edition of the Bulletin of the Atomic Scientists, Sandberg, Matheny, and Cirkovic ask, “How can we reduce the risk of human extinction?” They offer many valuable suggestions, including expansion into space, developing secure bunkers and interdisciplinary research in quantitative risk assessment, probability theory, and technological forecasting. I’m frequently engaged in the latter, most recently by participating in a summer project funded by a grant from SIAI, and in an ongoing basis by encouraging donations to the Lifeboat Foundation.

Fundraising progress has occurred but is largely disappointing. The Future of Humanity Institute does not publish its annual budget, but judging by the staff, I’d guess their budget is about $600,000 a year, funded by James Martin. According to guidestar.org, the Singularity Institute’s revenue in 2006 was about $460,000, and the Lifeboat Foundation’s was far less, about $10,000. All these organizations could use a lot more funding, in the tens of millions.

Why is the situation so poor? My guess is not lack of wealth or will to address the problem, but lack of ideas for low-hanging fruit to pick that helps the cause. If we had better actionable ideas, individuals and foundations would be more inclined to step forward to fund them. Of course, there is also the problem of the “silly factor” regarding extinction risks, and the vagueness of tangibility of such a broad venture.

More reasons: prevention of extinction risk is not a positive goal, it’s a negative goal. People prefer to fund positive goals. Another possible reason is that many philanthropists are on the older side, and inclined to worry more about their own demise than the hypothetical extinction of the human race.

Another challenge is that the most prominent scientists that fear human extinction, Martin Rees and Stephen Hawking, haven’t done enough to address the problem. Hawking encourages development of space, but what about other measures? Little activity there. Same with Sir Rees. After a blast of activity around his recent book, little else follows. An absence of specific initiatives and public proclamations of support. Little of the entrepreneurial spirit we see in business.

My preferred initiative to counteract extinction risk is Friendly AI research, but I know that this idea is not popular to everyone in the risk mitigation community. How about research into self-sufficient closed systems, human intelligence enhancement, building safeguards into gene synthesis equipment, or pursuing other avenues that Sandberg et al present in their recent article? Perhaps a prominent scientist needs to pick one of these ideas and ask their wealthy friends to fund them. After all, it’s only our future.