High-profile business figures are directing private capital toward artificial intelligence solutions tailored for the public sector. Unlike Silicon Valley's multi-billion-dollar push for commercial products, this movement focuses on modernizing court systems, assisting educators, and diagnosing medical conditions. Backers such as Ashish Dhawan, Binny Bansal, and Karishma Sanghvi are betting that these targeted tools will produce substantial societal returns.
Key points
Philanthropic capital is actively being deployed to direct artificial intelligence develo…: Philanthropic capital is actively being deployed to direct artificial intelligence development toward public and civic services.
Major donors believe artificial intelligence can produce social returns that are just as…: Major donors believe artificial intelligence can produce social returns that are just as significant as commercial profits.
High-level funding targets the enhancement of essential professionals, including classroo…: High-level funding targets the enhancement of essential professionals, including classroom teachers, medical doctors, and judicial workers.
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While Silicon Valley is pouring hundreds of billions of dollars into building smarter AI models, a handful of philanthropists are asking a different question: can AI make better teachers, doctors and public institutions?From Flipkart’s Binny Bansal to Chrys Capital’s Ashish Dhawan and Karishma Sanghvi of Sun Pharma, a growing number of entrepreneurs are writing cheques for AI that can diagnose diseases, empower teachers, modernise courts and
Ode to a compassionate algorithm: Philanthropists are backing AI for public good
Synopsis
From Flipkart’s Binny Bansal to Chrys Capital’s Ashish Dhawan and Karishma Sanghvi of Sun Pharma, a growing number of entrepreneurs are writing cheques for AI that can diagnose diseases, empower teachers, modernise courts and strengthen public services, betting that the technology can create social returns as significant as commercial ones.
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