US EditionFunders commit $1B toward developing AI tools for frontline workers
UNITED STATES, JUL 17 – A $1 billion, 15-year initiative aims to reduce administrative burdens for frontline workers serving over 90 million low-income Americans, supporting improved social and economic outcomes.
- On Thursday, the Gates Foundation, Ballmer Group, and other funders launched NextLadder Ventures, a $1 billion, 15-year initiative to create AI tools for frontline workers helping Americans in precarious situations.
- This initiative responds to insufficient capital for solutions aimed at low-income Americans and those managing large caseloads with limited resources, focusing on spurring economic mobility.
- NextLadder Ventures, headed by Ryan Rippel—former leader of the Gates Foundation’s economic mobility efforts—plans to provide funding through a mix of grants, investments, and flexible financing options to both nonprofit organizations and businesses.
- Anthropic, the inaugural AI partner, has pledged about $1.5 million annually to provide technical expertise and Claude credits, while funders stress that frontline workers will shape all AI tools developed.
- By involving vulnerable communities in AI development and prioritizing tools that aid rather than replace frontline staff, the funders aim to reduce risks and enable practical pathways to economic opportunity.
47 Articles
47 Articles
Funders Commit $1B Toward Developing AI Tools for Frontline Workers
A coalition of funders, including the Gates Foundation and Ballmer Group, will spend $1 billion over 15 years to help develop artificial intelligence tools for public defenders, parole officers, social workers and others who help Americans in precarious situations. The funders announced Thursday that they will create a new entity, NextLadder Ventures, to offer grants and investments to nonprofits and for-profits to develop tools for those who of…
Billion-dollar AI fund to aid frontline workers
KEY TAKEAWAYS: $1 billion invested over 15 years to develop AI tools for frontline social service workers NextLadder Ventures formed by Gates Foundation, Ballmer Group, and others to fund nonprofits and startups Partnership with AI firm Anthropic provides technical support and access to cutting-edge AI models Focus on aiding vulnerable populations while ensuring tools support, not replace, frontline workers A coalition of funders, includin…
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