Artificial Intellience Worldwide

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As the world debates the risks of AI, China closes the technology gap with the US

As the rapid development of artificial intelligence triggers a renewed debate about its risks, the United States and China keep racing to develop increasingly powerful models. Read More.

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💰 AI boom transforms philanthropy

Illustration: Sarah Grillo/Axios

The AI boom is about to rewrite the rules of global philanthropy, shifting its center of gravity to Silicon Valley, where the IPOs of AI giants Anthropic and OpenAI will create some of the world's largest charitable organizations, Axios' Bradley Olson writes. Why it matters: The new wave will mirror startup culture, dominated by flexible capital, ambitious bets and a search for measurable impact rather than old-school donations to rename hospital wings or graduate programs. 💰 Zoom in: Anthropic announced yesterday that it plans to launch a massive benefit fund with 5% of its shares. The company's pledge, which would amount to $100 billion if it reaches an IPO value of $2 trillion, will go to a public benefit fund and is set to grow as its valuation rises. Anthropic says the fund will be a wholly owned LLC, giving it flexibility to make large donations to nonprofits or distribute money directly to specific populations. The commitment builds on the pledges of co-founders to give away 80% of their equity. 🖼️ The big picture: Anthropic is joining OpenAI, which is controlled by a nonprofit foundation that holds a 26% equity stake in the company, worth about $130 billion based on the company's current valuation.

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Nvidia CEO encourages Europe's lagging AI sector and offers tools to accelerate data center buildout

Nvidia CEO Jensen Huang urged players in Europe's lagging artificial intelligence industry to get going and touted a modular system to quickly build AI data centers with the massive computing capacity the continent's developers need but currently lack. Read More.