OpenAI launches $50M NextGenAI consortium to fund AI-based research and education

Bottom line: OpenAI has faced repeated accusations of exploiting content creators, journalists, and researchers to fuel its for-profit empire built on AI models prone to hallucinations. Now, the San Francisco-based company is attempting to repair its tarnished reputation by committing millions to a new funding initiative aimed at putting its technology to more positive use. OpenAI recently announced NextGenAI, a new consortium aimed at advancing research and education through AI-driven innovation. The company is committing $50 million from its growing financial reserves to fund leading academic institutions and equip researchers with AI tools to accelerate their workloads. Notably, participants will be encouraged to utilize OpenAI's own products and API technologies. According to OpenAI, NextGenAI marks a first-of-its-kind collaboration between the company and 15 research institutions across the US and the UK. The funding will be allocated toward research grants, computing resources, ... Read full article.