US EditionFunders commit $1B toward developing AI tools for frontline workers
UNITED STATES, JUL 17 – A coalition including the Gates Foundation will invest $1 billion over 15 years to develop AI tools supporting over 1.6 million frontline workers aiding vulnerable populations.
- On Thursday, a group of funders unveiled NextLadder Ventures, a new 15-year initiative backed by $1 billion aimed at creating AI tools to support frontline professionals such as public defenders, social workers, and parole officers who assist individuals in vulnerable circumstances.
- The initiative emerged from a group of funders united by their goal to enhance economic advancement for tens of millions of economically disadvantaged Americans, while also addressing the challenges faced by frontline professionals such as social workers and public defenders who handle extensive caseloads.
- NextLadder Ventures, under the leadership of Ryan Rippel, has established a collaboration with Anthropic, which has pledged approximately $1.5 million annually to supply technical support and access to its language model, Claude.
- Brian Hooks of Stand Together highlighted that philanthropy can help mitigate investment risks and provide organizations with time to develop their ideas, aiming for this initiative to become a pioneering example of what can be achieved. He also stressed that AI tools should be developed according to the input and needs of frontline workers rather than replacing them.
- The initiative aims to create new pathways to opportunity by supporting nonprofits and for-profits with grants, equity, and revenue financing, highlighting ethical concerns and the need to involve vulnerable communities in AI development.
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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…
Gates Foundation targets one-third of US population with Koch-affiliated AI venture
The Gates Foundation and its partners announced the launch of NextLadder Ventures on Thursday, signaling their combined philanthropic investment effort to develop technologies for “frontline workers.” The group will invest $1 billion over the next 15 years, though the targeted group is not what many would expect.The press release states that the founding group is "combining efforts to catalyze a thriving market that can attract ongoing investmen…
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