Keep in mind, these tech leaders have deluded themselves with the infinite jest of "effective altrusim" which can effective ignore any problem today for some imagined future problem that they're solving. So if they have to enslave the human race because there's a super killer asteroid 10 million lightyears away heading towards us, they'll do it, because obviously, saving future humanity is the only thing that makes sense (because only their genius can save the day)!
Side note for other readers: Parent is describing a reductio ad absurdum of utilitarianism, which is a distinct (but sometimes overlapping) worldview from effective altruism.
The primary effective altruism cause areas are extremely acute and high-scale problems like malaria, vaccine distribution, and factory farming