Philanthropic Coalition Launches $500M Initiative to Prioritize Human-Centric AI

A new coalition of ten philanthropic foundations has launched a $500 million initiative to prioritize human interests in the evolution of artificial intelligence technology, countering its current developer-driven trajectory.

• The newly formed Coalition, named Humanity AI, will invest $500 million over five years to influence the evolution of artificial intelligence for societal benefit.
• Key supporters include the MacArthur Foundation, which aims to redirect the focus of technological development towards human-centric solutions rather than profit-driven motives.
• The initiative addresses issues surrounding software engineering, medicine, and the potential misuse of technologies like deepfake, promoting ethical standards in AI deployment.