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.
- The Gates Foundation and partners launched NextLadder Ventures, a $1 billion, 15-year initiative to develop AI tools for frontline workers in the U.S.
- The initiative arose to address the lack of sufficient capital for nonprofits and for-profits serving low-income Americans and those managing large caseloads.
- NextLadder will offer grants, equity, and revenue-based financing while partnering with AI firm Anthropic, which contributes $1.5 million annually and provides technical support.
- Brian Hooks emphasized AI tools must be shaped by frontline workers’ needs and avoid replacing them, while ethical risks and biases must be carefully assessed.
- The initiative seeks to create new economic pathways for more than 90 million Americans with low incomes and 1.6 million frontline workers, while reinvesting its returns to sustain long-term funding.
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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