Tech Leaders and Governments Back $2.5 Billion 'Public Interest' AI Initiative
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AI mission worth $2.5 billion gets backing of LinkedIn chief, other firms. Details here
Current AI aims to raise as much as $2.5 billion for its mission to grant AI developers access to more data.A group of 11 tech industry chiefs on Sunday threw their backing behind a partnership promising tools, data and infrastructure for "public interest" artificial intelligence (AI), the Current AI organisation announced, as per a report. Figures including Mistral AI chief Arthur Mensch and LinkedIn boss Reid Hoffman said they would support Current AI's mission, said the statement, AFP reported. The organisation said $400 million in funding would come from governments including France, Germany, Finland, Chile and Nigeria as well as companies and philanthropic organisations. Its announcement came the day before a two-day global summit on AI opens in Paris on Monday, bringing together government and tech industry chiefs to discuss the technology's promise and challenges. Current AI aims to raise as much as $2.5 billion for its mission to grant AI developers access to more data, offer open-source tools and infrastructure for programmers to build on, and "develop systems to measure AI's social and environmental impact". "We've seen the harms of unchecked tech development and the transformative potential it holds when aligned with the public interest," Current AI founder Martin Tisne said in the statement. "By supporting innovation that benefits all, we can ensure AI serves the public good." French President Emmanuel Macron was quoted as saying that the effort would "contribute to developing our own AI ecosystems in France and Europe, to diversifying the market, and to fostering innovation throughout the world." Current AI's work would focus on areas including healthcare, linguistic diversity and science, the organisation said. Q1. Who is Mistral AI chief? A1. Mistral AI chief is Arthur Mensch. Q2. Who is boss of Reid Hoffman? A2. LinkedIn boss is Reid Hoffman.
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11 tech bosses back launch of 'public interest' AI partnership
PARIS (AFP) - A group of 11 tech industry chiefs on Sunday threw their backing behind a partnership promising tools, data and infrastructure for "public interest" artificial intelligence (AI), the Current AI organisation announced. Figures including Mistral AI chief Arthur Mensch and LinkedIn boss Reid Hoffman said they would support Current AI's mission, said the statement. The organisation said USD400 million in funding would come from governments including France, Germany, Finland, Chile and Nigeria as well as companies and philanthropic organisations. Its announcement came the day before a two-day global summit on AI opens in Paris on Monday, bringing together government and tech industry chiefs to discuss the technology's promise and challenges. Current AI aims to raise as much as USD2.5 billion for its mission to grant AI developers access to more data, offer open-source tools and infrastructure for programmers to build on, and "develop systems to measure AI's social and environmental impact". "We've seen the harms of unchecked tech development and the transformative potential it holds when aligned with the public interest," Current AI founder Martin Tisne said in the statement. "By supporting innovation that benefits all, we can ensure AI serves the public good." French President Emmanuel Macron was quoted as saying that the effort would "contribute to developing our own AI ecosystems in France and Europe, to diversifying the market, and to fostering innovation throughout the world." Current AI's work would focus on areas including healthcare, linguistic diversity and science, the organisation said.
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Current AI, a new organization, aims to raise $2.5 billion to support open-source AI development and measure its societal impact, with backing from tech industry leaders and several governments.
Tech Industry Leaders Unite for 'Public Interest' AI
In a significant move for the artificial intelligence (AI) sector, a group of 11 prominent tech industry leaders has announced their support for a new initiative aimed at developing "public interest" AI. The partnership, spearheaded by the organization Current AI, seeks to raise up to $2.5 billion to provide AI developers with enhanced access to data, open-source tools, and infrastructure 12.
Key Figures and Funding
Among the notable figures backing this initiative are Arthur Mensch, chief of Mistral AI, and Reid Hoffman, the boss of LinkedIn. The project has already secured $400 million in funding from a diverse group of supporters, including governments such as France, Germany, Finland, Chile, and Nigeria, as well as various companies and philanthropic organizations 12.
Mission and Objectives
Current AI's mission extends beyond merely providing resources for AI development. The organization aims to "develop systems to measure AI's social and environmental impact," emphasizing the importance of responsible and beneficial AI advancement 1. Martin Tisne, the founder of Current AI, highlighted the initiative's goal of aligning technological progress with public interest:
"We've seen the harms of unchecked tech development and the transformative potential it holds when aligned with the public interest. By supporting innovation that benefits all, we can ensure AI serves the public good." 2
Focus Areas and Global Impact
The initiative plans to concentrate its efforts on crucial areas such as healthcare, linguistic diversity, and science 12. This focus aligns with the broader objective of fostering innovation and diversifying the AI market on a global scale.
French President Emmanuel Macron expressed his support for the project, stating that it would "contribute to developing our own AI ecosystems in France and Europe, to diversifying the market, and to fostering innovation throughout the world." 1
Timing and Context
The announcement of this partnership comes at a crucial moment, coinciding with a two-day global summit on AI in Paris. This summit brings together government officials and tech industry leaders to discuss both the potential and challenges of AI technology 12.
Implications for the AI Landscape
This initiative represents a significant step towards more open and collaborative AI development. By providing open-source tools and infrastructure, Current AI aims to democratize access to AI technology and encourage innovation that serves the public interest. The involvement of both private sector leaders and government entities suggests a growing recognition of the need for coordinated efforts in shaping the future of AI 12.
The focus on measuring AI's social and environmental impact also indicates a shift towards more responsible AI development, addressing concerns about the potential negative consequences of unchecked technological advancement 1.
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