"OpenAI will award $40.5 million to more than 200 nonprofits before the end of the year, following an open call for applications in September. This is the first wave of donations since the maker of ChatGPT rebranded its nonprofit as the OpenAI Foundation in October. The company has committed $25 billion to helping fund health research and what it calls AI resilience or ways to minimize the risks of these technologies."
"OpenAI was formed as a nonprofit in 2015 but then incorporated a for-profit subsidiary that has grown to be one of the most valuable startups in the world. For years, it had been trying to escape its nonprofit roots to make it easier to attract investors. In October, the company reached an agreement with regulators to formally reincorporate as a public benefit corporation, though the nonprofit board of directors remains the highest decision making body."
OpenAI will award $40.5 million to more than 200 nonprofits before the end of the year, following an open call for applications. The grants represent the first wave of donations after the nonprofit rebranded as the OpenAI Foundation. The company has committed $25 billion to fund health research and AI resilience but has not specified a disbursement timeline. The funding is unrestricted, and OpenAI asked applicants to propose projects that support AI literacy, strengthen civic life, or foster economic opportunity. Grantees include journalism groups, dance companies, and community organizations. More than 3,000 applications were reviewed by advisors.
Read at www.mercurynews.com
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