OpenAI awards $40.5M to a wide range of nonprofits under new foundation structure

OpenAI awards $40.5M to nonprofits

OpenAI has awarded $40.5 million to more than 200 nonprofits in the first round of grants it has made since it rebranded its nonprofit as the OpenAI Foundation in October.

OpenAI awards $40.5M to a wide range of nonprofits under new foundation structure

OpenAI is set to award $40.5 million to over 200 nonprofits by the end of the year. This follows an open call for applications in September.

OpenAI Foundation awards $40.5M to over 200 nonprofits

OpenAI Foundation, the rebranded nonprofit arm of OpenAI, awarded $40.5 million to more than 200 nonprofits in its first grant round since October, providing unrestricted funds to support AI literacy, civic life, and economic opportunity for organizations with budgets between $500,000 and $10 million, according to Euronews. OpenAI originated as a nonprofit organization in 2015, established to advance artificial intelligence research for the bene…

OpenAI Foundation to Disburse $40.5 Million in Grants to Nonprofits

The OpenAI Foundation has announced the first recipients from the $50 million People-First artificial intelligence (AI) Fund it announced in September. The Foundation will disburse $40.5 million in unrestricted grants to these 208 nonprofits from across the United States by the end of the year, and will announce $9.5 million in grants within months, it said in a Wednesday (Dec. 3) press release. The OpenAI Foundation holds equity in Op…