(Photo: Reuters/Dado Ruvic)
The non-profit organization that controls the OpenAI will allocate US$250 million for grants, partnerships and direct work aimed at helping workers and economies cope with the disruption caused by artificial intelligence (AI)the entity announced this Wednesday (27).
The funds, the first commitment of its kind from the OpenAI Foundation, will support research into the impact of AI on the job market, support workers and communities facing short-term displacement, and explore new ways to distribute the economic gains of AI more broadly.
“The current pace of change means the window to get it right is shorter than we are used to, and the cost of getting it wrong is profound,” the nonprofit said in a statement.
The growing use of AI tools capable of automating tasks such as programming has sparked fears of widespread job losses, with several companies, including Block and Standard Chartered, explicitly citing AI in recent announcements of mass layoffs.
The OpenAI Foundation received a 26% stake in the startup’s for-profit entity last year as part of a restructuring that valued its stake at $130 billion at the time, making it one of the world’s largest charities.
In March, OpenAI committed to investing at least $1 billion through the nonprofit over the next year in AI-related projects, including life sciences and community programs.
The foundation said Wednesday that its first initiatives will be announced later this year and that it is forming a team that will not only distribute grants like a typical nonprofit, but also run some programs directly, rather than acting solely as an intermediary.
Grants will be awarded to nonprofit organizations as well as a wide range of other organizations, it said.
Projects the foundation is interested in include those that involve AI-based simulations to model how economies might evolve as technology improves.
Source: www.moneytimes.com.br
Source link
