OpenAI has pledged $40.5 million to over 200 non-profit organizations in the first wave of funding since rebranding its nonprofit as the OpenAI Foundation, marking a significant shift towards granting out billions of dollars in philanthropic support.
Following an open call for applications in September, the company has committed $25 billion to investing in health research and addressing AI-related risks. While no specific timeline has been disclosed for when these funds will be granted, it's worth noting that OpenAI had previously announced plans to award $50 million in grants, citing recommendations from an advisory commission.
The grant funding is unrestricted, allowing non-profits to allocate the funds as they see fit, with a focus on projects supporting AI literacy, strengthening civic life, and fostering economic opportunity. A diverse range of organizations has been selected for these grants, including journalism groups, dance companies, and community organizations, highlighting the company's efforts to support initiatives beyond the tech sector.
OpenAI's transition from a nonprofit to a public benefit corporation in October marked a significant step towards formalizing its philanthropic efforts. With over 3,000 applications submitted for this first round of funding, a panel of advisors reviewed the applications before awarding the grants.
This move marks an important milestone for OpenAI as it seeks to build on its growing reputation and commitment to supporting causes that align with its mission of building safe artificial intelligence for the benefit of humanity.
Following an open call for applications in September, the company has committed $25 billion to investing in health research and addressing AI-related risks. While no specific timeline has been disclosed for when these funds will be granted, it's worth noting that OpenAI had previously announced plans to award $50 million in grants, citing recommendations from an advisory commission.
The grant funding is unrestricted, allowing non-profits to allocate the funds as they see fit, with a focus on projects supporting AI literacy, strengthening civic life, and fostering economic opportunity. A diverse range of organizations has been selected for these grants, including journalism groups, dance companies, and community organizations, highlighting the company's efforts to support initiatives beyond the tech sector.
OpenAI's transition from a nonprofit to a public benefit corporation in October marked a significant step towards formalizing its philanthropic efforts. With over 3,000 applications submitted for this first round of funding, a panel of advisors reviewed the applications before awarding the grants.
This move marks an important milestone for OpenAI as it seeks to build on its growing reputation and commitment to supporting causes that align with its mission of building safe artificial intelligence for the benefit of humanity.