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arXiv has received a 17.2 million investment from Simons Foundation International, Siegel Family Endowment, and XTX Markets to support its operations.
MIT appoints David Siegel as its next Innovation Fellow to explore how artificial intelligence can accelerate scientific discovery, leveraging his background in AI, entrepreneurship, and philanthropy.
The Poitras family has donated $10 million to MIT's McGovern Institute to establish 50 two-year fellowships for early-career scientists studying psychiatric disorders, aiming to support talent in mental health research.
The Gates Foundation announces a $400 million investment in AI tools for schools to address educational gaps, but teachers and critics warn it may exacerbate divides due to concerns about technology's effectiveness and implementation.
An Indian-origin couple has donated $20 million to the University of North Texas to establish a new college focused on AI and advanced analytics, enhancing education and research in these fields.
Upcoming IPOs of AI companies like OpenAI and Anthropic are expected to create a wave of new billionaires, and nonprofits are preparing for a potential surge in philanthropic donations.
Nvidia CEO Jensen Huang and his wife donated $75 million to Vanderbilt University to establish a new college of art, architecture and design in San Francisco, arguing that art determines the purpose of technology.
Palmer Luckey discusses his 'B-Boys Club' billionaire group chat, criticizing peers who retire on yachts instead of using their influence to change the world, and explains why he rejects The Giving Pledge.
Intercept, a $500 million philanthropic initiative, aims to use new platform technologies and air cleaning to reduce or eliminate respiratory infections like colds and influenza, citing the significant health and economic burdens they cause.
Nan Ransohoff launches Intercept, a $500M philanthropic initiative to eliminate respiratory infections like the common cold and flu, citing strong links between minor infections and chronic diseases such as asthma, heart attack, and dementia.
Craigslist founder Craig Newmark has donated half a billion dollars to charity and signed The Giving Pledge, expressing concern about the decline of philanthropy among the ultra-wealthy amid criticism from billionaires like Peter Thiel.
Elon Musk praises Jeff Bezos's statement that his for-profit companies provide more value to society than his charitable giving.
A napkin math analysis reveals that philanthropic capital from OpenAI and Anthropic could add $37B-$100B per year to US giving, drastically increasing available funds and highlighting a gap in operational capacity to spend it effectively.
OpenAI has completed its recapitalization, establishing the OpenAI Foundation as a nonprofit entity controlling the for-profit business with approximately $130 billion in equity, enabling the foundation to pursue a $25 billion philanthropic commitment in health breakthroughs and AI resilience while maintaining mission-focused governance.
OpenAI announces its nonprofit will retain control while gaining an equity stake exceeding $100 billion in a new Public Benefit Corporation (PBC), and launches a $50 million grant initiative to support AI literacy and community innovation. The restructuring aims to ensure the nonprofit benefits financially as OpenAI grows, while maintaining its mission of ensuring AGI benefits all of humanity.
OpenAI launches a $50 million fund to support nonprofit and community organizations, informed by the independent OpenAI Nonprofit Commission report, focusing on AI applications in education, healthcare, economic opportunity, and community organizing.
OpenAI is hosting a nationwide Nonprofit Jam event bringing together 1,000+ nonprofit leaders across 10 locations to learn practical applications of generative AI for their organizations. Participants receive 12 months of free ChatGPT Plus access and training through OpenAI Academy in partnership with the Walton Family Foundation and Emerson Collective.
OpenAI's Board of Directors released a statement acknowledging findings from an independent Nonprofit Commission report, which evaluated the organization's philanthropic initiatives and long-term impact strategy. The board committed to using the commission's recommendations to improve its nonprofit operations and mission alignment.
OpenAI announces the formation of a nonprofit commission with four experienced advisors (Dolores Huerta, Monica Lozano, Robert K. Ross, and Jack Oliver) to guide the company's philanthropic efforts and ensure AI benefits are directed toward addressing global challenges in health, education, and public service.
OpenAI is forming a commission of experts to guide the development of what it calls the world's best-equipped nonprofit, leveraging AI technology and financial resources for philanthropic impact in health, education, and public services. Commission members will be announced in April 2025, with insights submitted to the OpenAI Board within 90 days.