OpenAI Foundation pledges $1B in grants to ensure AI ‘benefits all of humanity’
OpenAI Foundation, the nonprofit that controls the artificial intelligence company OpenAI and its flagship product ChatGPT, pledged Tuesday to grant out $1 billion over the next year and to build up its capacity as a philanthropic funder.
The pledge represents a major development in OpenAI’s philanthropic activities and offers insight into how the company, which started as a nonprofit, plans to carry out its charitable mission to develop AI to benefit “all of humanity.”
“We aim to enable the use of AI to find solutions to humanity’s hardest problems, transform what people are capable of, and deliver real benefits in people’s lives - while working hard with partners to be ready for new challenges, and to help make society resilient, as AI advances,” OpenAI board chair Bret Taylor said in a statement Tuesday.
The new funding will support life science and health research and will seek to mitigate some of the impacts of AI technologies on jobs, the economy and mental health, especially of children, the nonprofit said. It follows a commitment to spend $25 billion to support similar causes that OpenAI Foundation made in October, though without providing a time frame.