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Today:
Google unveils $20M grant for academics worldwide
Read Time: 4 minutes
Our Report: Google has unveiled the Digital Futures Project, a program designed to further the dialogue on AI's benefits and challenges—dedicating a $20M fund to provide grants to esteemed think tanks and academic institutions worldwide.
🔑 Key Points:
The initiative seeks to gather a diverse array of voices to promote the responsible evolution of AI by supporting research and fostering public policy debates.
Google aims to explore AI's potential to enhance daily life and tackle pressing societal issues, from disease prevention to predicting natural disasters.
Key questions the project aims to address include the impact of AI on global security, the workforce, economic growth, and the best governance structures to encourage responsible AI innovation.
Initial recipients of the Digital Futures Fund include renowned organizations like the Aspen Institute, Brookings Institution, and MIT Work of the Future.
🤨 Why you should care: While $20M may seem like a mere drop in the vast reservoir of Google's funding, it's a significant step toward fostering innovation in AI at the educational institution level.
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On Wednesday, top tech leaders, including Elon Musk, Mark Zuckerberg, and Bill Gates, will attend a private Capitol summit on AI to address all 100 senators on the regulation & development of AI.
The closed-door meeting, led by majority leader Chuck Schumer, aims to address and brainstorm solutions for responsible AI development—security is expected to be extremely tight as a plethora of billionaires, lobbyists, and US officials will be in attendance.
Palo Alto-based biotech startup Inceptive, co-founded by former Google AI expert Jakob Uszkoreit, has raised $100M, led by NVIDIA’s NVentures and Andreessen Horowitz (A16z)
The funding, valuing Inceptive at over $300M, will be used to harness AI for revolutionary drug development, focusing on creating unique vaccine proteins. The medical field & AI continue to intertwine—keep your eyes peeled for huge developments in the coming weeks, months & years.
Tesla's stock rose 6% after Morgan Stanley predicted that Tesla’s Dojo supercomputer could increase its market value by nearly $600B—aiding its push into robotaxis and software.
Tesla is investing $1B this year alone to develop the supercomputer; using Dojo to train the AI models used in their self-driving cars, and thus inch them closer to full regulatory approval.
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🤨 Self-publishers must declare if content sold on Amazon is AI-generated
🧥 AI-generated designs make an appearance at NY Fashion Week
📸 Instagram might be getting more generative AI features
🖊️ More writers sue OpenAI for copyright infringement
👀 The FTC is setting its sights on generative AI
🥇 Daily Challenge 🥇
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Until next time, Martin & Arturo.
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