Tech Leaders Pledge $1B to Artificial Intelligence Research Nonprofit

Several of the biggest and richest names in Silicon Valley have collectively put $1 billion behind a new artificial intelligence research organization called OpenAI.

"Our goal is to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return," reads the introductory blog post by the newly established team.

Several prominent investors and companies, including Tesla CEO Elon Musk and investor Peter Thiel, donated to make the organization financially independent for the foreseeable future. Researchers will be encouraged to publish their work publicly and collaborate with others across institutional lines, as there will be no worrying about grants or competing government contracts.