"The OpenAI Foundation is committing to invest at least $1 billion in the next year across four programme areas: life sciences and curing diseases, jobs and economic impact, AI resilience, and community programmes."
"The recapitalisation valued OpenAI's for-profit at approximately $130 billion, giving the Foundation an equity stake that makes it one of the best-resourced philanthropic organisations in the world."
"In the most recent year it reported to the IRS, OpenAI's nonprofit received $4,433 in contributions and granted out $7.6 million, highlighting a stark contrast to its previous operational expenses."
"The life sciences work is the most developed, with three named sub-areas: AI for Alzheimer's, public data for health, and creating and opening health data."
OpenAI's nonprofit, now called the OpenAI Foundation, is committing to invest at least $1 billion in four program areas: life sciences, jobs, AI resilience, and community. This marks a significant shift from its previous dormant status as a grantmaker. The Foundation's commitment is part of a larger $25 billion initiative following a recapitalization that valued OpenAI's for-profit arm at approximately $130 billion. The life sciences program focuses on Alzheimer's research, public health data, and other health-related initiatives.
Read at TNW | Business
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