Tech luminaries team up on $27M AI ethics fund

Artificial intelligence technology is becoming an increasingly large part of our daily lives. While those developments have led to cool new features, they've also presented a host of potential problems, like automation displacing human jobs, and algorithms providing biased results.

Now, a team of philanthropists and tech luminaries have put together a fund that's aimed at bringing more humanity into the AI development process. It's called the Ethics and Governance of Artificial Intelligence Fund, and it will focus on advancing AI in the public interest.

A fund such as this one is important as issues arise during AI development. The IEEE highlighted a host of potential issues with artificial intelligence systems in a recent report, and the fund seems aimed at funding solutions to several of those problems.

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