""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."
OpenAI Foundation announced a commitment to grant $1 billion over the next year to enhance its philanthropic efforts. This funding aims to support life science and health research while addressing the societal impacts of AI technologies, particularly concerning jobs, the economy, and children's mental health. The foundation previously pledged $25 billion for similar initiatives. OpenAI will also appoint a new executive director to manage its grantmaking activities, reflecting its ongoing evolution from a nonprofit to a more commercially focused entity.
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