Foundations seek to advance AI for good — and also protect the world from its threats

abcnews.go.com:

While technology experts sound the alarm on the pace of artificial intelligence development, philanthropists — including long-established foundations and tech billionaires — have been responding with an uptick in grants

While technology experts sound the alarm on the pace of artificial-intelligence development, philanthropists — including long-established foundations and tech billionaires — have been responding with an uptick in grants.

Much of the philanthropy is focused on what is known as technology for good or “ethical AI,” which explores how to solve or mitigate the harmful effects of artificial-intelligence systems. Some scientists believe AI can be used to predict climate disasters and discover new drugs to save lives. Others are warning that the large language models could soon upend white-collar professions, fuel misinformation, and threaten national security.

What philanthropy can do to influence the trajectory of AI is starting to emerge. Billionaires who earned their fortunes in technology are more likely to support projects and institutions that emphasize the positive outcomes of AI, while foundations not endowed with tech money have tended to focus more on AI’s dangers.

For example, former Google CEO Eric Schmidt and wife, Wendy Schmidt, have committed hundreds of millions of dollars to artificial-intelligence grantmaking programs housed at Schmidt Futures to “accelerate the next global scientific revolution.” In addition to committing $125 million to advance research into AI, last year the philanthropic venture announced a $148 million program to help postdoctoral fellows apply AI to science, technology, engineering, and mathematics.

Also in the AI enthusiast camp is the Patrick McGovern Foundation, named