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Patrick J. McGovern Foundation Announces $40 Million Commitment and Launch of New Initiatives

By CIOReview | Tuesday, February 9, 2021

As AI and data influence lives and shapes the fabric of the shared future, J. McGovern Foundation announces a $40 million commitment to data science and AI for the public good.

FREMONT, CA: Patrick J. McGovern Foundation is announcing that it will double its path-breaking investments in data science and AI in 2021 with a new commitment of  $40 million and launch new initiatives to boost opportunity and innovation in developing inclusive, ethical data and AI.

Patrick J. McGovern Foundation sits at the frontier of the digital era with a set of options about these tools' future. Will it be a future where control is in the hands of a few to benefit the elite. The company's 2021 commitments aim to disrupt by empowering civil society to fully participate in shaping the future to share the values of AI and data.

A $40 million commitment to data and AI for the public good. These grants will allow nonprofits and NGOs to use AI and data to further their work to guard the planet, foster economic prosperity, ensure healthy communities, strengthen tech education opportunities for young people, and generate a more inclusive, equitable tech workforce future. Grants will also be directed toward firms designing new data dignity, data stewardship, and AI ethics methods.

With technical help and additional resources, nonprofits worldwide can provide better leverage of the tools of data science and AI. Through a new philanthropically funded consultancy releasing this spring, the Foundation's in-house team of data and AI experts will work with nonprofit organizations to create data maturity and infrastructure and create exemplar AI cases for the public good. The Foundation is a participant and convener in developing a culture of responsible and inclusive AI and data. Through partnerships with firms including Oxford, MIT, MIT Solve, The Trinity Challenge, Code.org, AI4All, and the Stanford Institute for Human-Centered Artificial Intelligence, the Foundation will fuel initiatives to bring stakeholders together, elevate diverse perspectives on the AI, and inspire technologists to pursue tech.

As part of this, the Foundation is also announcing help for the World Economic Forum's new Global AI Action Alliance.  The assistance of philanthropic partners is essential if the companies ant to change the status and direct technology for the public good. These new commitments to grantmaking, consultancy, and community building will accelerate the shared vision for ethical AI and data.