From Dealroom · · 50s
OpenAI and Rockefeller Launch $50M City AI Fund
Rockefeller Foundation and OpenAI Foundation launch $50 million fund to support AI projects improving city services globally.
In brief
Rockefeller Foundation and OpenAI Foundation launch $50 million fund to support AI projects improving city services globally. Rockefeller Foundation and OpenAI Foundation launched a $50 million fund to fund AI projects that improve public services in cities worldwide. Originally reported by Dealroom.
Quick answers
- What's the deal?
- The Rockefeller Foundation and OpenAI Foundation launched Cities Deliver, a $50 million program funding artificial intelligence projects that improve public services in cities worldwide.
- Why now?
- The program builds on existing Rockefeller-backed AI projects like dengue outbreak forecasts in cali, colombia; resident engagement platforms in cape town; and flood response assistance in rio de janeiro.
- What is the key takeaway from OpenAI and Rockefeller Launch $50M City AI Fund?
- Rockefeller Foundation and OpenAI Foundation launched a $50 million fund to fund AI projects that improve public services in cities worldwide.
What's the deal?
The Rockefeller Foundation and OpenAI Foundation launched Cities Deliver, a $50 million program funding artificial intelligence projects that improve public services in cities worldwide.
How it works
Seed grants of $500,000 to $1 million fund prototypes and initial city pilots, while scale grants of $1 million to $2 million expand solutions that have already shown results.
Why now?
The program builds on existing Rockefeller-backed AI projects like dengue outbreak forecasts in cali, colombia; resident engagement platforms in cape town; and flood response assistance in rio de janeiro.
Here's the gist
Rockefeller Foundation and OpenAI Foundation launched a $50 million fund to fund AI projects that improve public services in cities worldwide.
