/biz/ - Business & Finance

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour..
https://www.ft.com/content/68a4ba34-9785-411c-b7f6-3a9ae2f37cd6

Former Google chief executive Eric Schmidt is launching a $125mn philanthropic project to fund artificial intelligence research that solves “hard problems” in the field, including issues of bias, harm and misuse, geopolitical conflict, and scientific limitations of the technology.

The fund, known as AI2050, will be paid out over five years to individual academics, and co-chaired by Schmidt, and James Manyika, Google’s new head of technology and society, in a “personal capacity”.