OpenAI Foundation pledges $1B in grants to ensure AI ‘benefits all of humanity’ :: WRAL.com
OpenAI Foundation pledges $1B in grants to ensure AI ‘benefits all of humanity’ :: WRAL.com
Publish Date: 2026-03-24 12:11:00
Source Domain: www.wral.com
- The OpenAI Foundation, the nonprofit overseeing artificial intelligence company OpenAI and its product ChatGPT, pledged to grant out $1 billion in the next year and to build up its capacity as a major philanthropist.
- The pledge offers insight into how the open-source foundation plans to advance its charitable mission to develop AI for “all of humanity.”
- The new funding will be directed to life science and health research and efforts to mitigate AI’s effects on jobs, the economy, and mental health, particularly among children.
- In October 2023, the foundation made a commitment to spend $25 billion on similar causes but without specifying a timeline.
- The foundation will recruit a new executive director for overseeing its grantmaking activities.
- Founded in 2015 as a nonprofit lab, OpenAI has shifted its structure in recent years to accommodate its commercial operations, including subsidiaries like that behind ChatGPT.
- Despite its focus on profitability, the foundation’s nonprofit has revived its charitable activities: in 2024, it reportedly received $4,433 in contributions and granted out $7.6 million.
- Recent focus has shifted to improving the reach of its charitable initiatives, and it announced $40.5 million in grants to community-based nonprofits in December to support AI literacy, bolster civic life, and foster economic opportunity.
