Future of Work News

Patrick J. McGovern Foundation Commits Doubles Investment for AI Initiatives and Grants


The Patrick J. McGovern Foundation recently announced that it would be increasing investment to $40 million for artificial intelligence and data science initiatives intended for “public good”. This endowment amounts to roughly double from the previous year, highlighting the foundation’s commitment to promoting digital technologies that benefit future generations.

The funding is specifically aimed at nonprofits and non-governmental organizations that are working toward environmental protection, economic prosperity, creating youth-centric tech education opportunities, as well as promoting a more inclusive,equitable tech workforce.

“We sit at the frontier of the digital age with a set of choices about the future of these powerful tools,” commented foundation president Vilas Dhar. “Will it be a future where control remains in the hands of a few to benefit the elite? Or a future where we all participate in the co-creation of AI and data that solves our greatest global challenges and makes our individual lives better?”

This spring, the foundation will be launching a new Data and AI consultancy for nonprofits using an in-house team of tech experts. Organizations will be able to work with specialists to ensure their projects are ethical in nature, and promote the foundation’s core principle of benefiting everyone. The foundation has also announced new collaborative relationships within academia, such as Oxford University, MIT, and the Stanford Institute for Human-Centered Artificial Intelligence. These partnerships are aimed to support young technologists, and provide them with the knowledge and resources to develop ethical AI programs and data solutions.

Edited by Maurice Nagle

Future of Work Contributor

Related Articles

SafeGuard Cyber Secures $45 Million in Latest Investment Round

By: Luke Bellos    4/14/2021

SafeGuard Cyber has received $45 million in equity and funding, largely from NightDragon, along with investments from Cisco Investments and Allegis Cy…


LogicPlum Adds New Functionality to Enterprise AI Solutions Platform

By: Tracey E. Schelmetic    4/5/2021

Artificial intelligence (AI) is shaping many industries' futures, and the corporate world is no exception. AI is finding its way into a broad variety …


Berlin Startup Camunda Gains $98 Million from Series B

By: Luke Bellos    3/25/2021

Open source software startup Camunda has announced a successful Series B investment round, adding an additional $98 million to help grow operations.


Microsoft Work Trend Index Finds Remote Work Here to Stay

By: Luke Bellos    3/23/2021

Microsoft's latest research finds that employees have new expectations for remote access in the business world due to the pandemic.


Connecting Data and Communications for Maximum Workflow Efficiency

By: Erik Linask    3/12/2021

Data and communications exist is business workflows. The key is connecting them within those workflows to drive operational efficiency.