Right now, and for the foreseeable future, SIAI doesn't have the funds to actually create FAI. All they're doing is creating a theory for friendliness, which can be used when someone else has the technology to create AI. And of course, nobody else is going to use the code if it focuses on SIAI.
SIAI doesn't have the funds to actually create FAI
Funds are not a relevant issue for this particular achievement at present time. It's not yet possible to create a FAI even given all the money in the world; a pharaoh can't build a modern computer. (Funds can help with moving the time when (and if) that becomes possible closer, improving the chances that it happens this side of an existential catastrophe.)
This is for anyone in the LessWrong community who has made at least some effort to read the sequences and follow along, but is still confused on some point, and is perhaps feeling a bit embarrassed. Here, newbies and not-so-newbies are free to ask very basic but still relevant questions with the understanding that the answers are probably somewhere in the sequences. Similarly, LessWrong tends to presume a rather high threshold for understanding science and technology. Relevant questions in those areas are welcome as well. Anyone who chooses to respond should respectfully guide the questioner to a helpful resource, and questioners should be appropriately grateful. Good faith should be presumed on both sides, unless and until it is shown to be absent. If a questioner is not sure whether a question is relevant, ask it, and also ask if it's relevant.