Eric Schmidt, the former CEO of Google, is planning to invest $125 million into artificial intelligence research through his philanthropic Schmidt Futures venture.
The funding, set to be administered through an initiative dubbed AI2050, will aim to support academics working on “hard problems” in AI.
Schmidt, who has warned of the dangers of AI before, highlighted how in the early days of the internet no one expected social media platforms to disrupt elections and influence our lives, opinions and actions to the extent that they do now.
“Lessons like these make it even more urgent to be prepared moving forward,” he said.
“Artificial intelligence can be a massive force for good in society, but now is the time to ensure that the AI we build has human interests at its core.”
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