Philanthropic foundations invest €427 million to shape AI development

euronews.com

Ten philanthropic foundations are investing €427 million over five years to counter the influence of tech giants on AI development. The Humanity AI coalition aims to prioritize human interests in AI's integration into daily life, supporting open, people-powered systems. Concerns about AI's impact on quality of life, misinformation, climate change, and job displacement prompted this philanthropic initiative.


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