Philanthropy

OpenAI reaffirmed its unique governance structure, ensuring its nonprofit parent retains oversight despite a $500 billion valuation. A non-binding MOU with Microsoft signals further partnership following Microsoft’s $13 billion investment. OpenAI emphasizes safety and collaboration with regulators to solidify its legal framework, addressing concerns about its shift from research to commercial aims. They’re also launching a $50 million grant program to support AI literacy. The company faces a legal dispute with Elon Musk over its for-profit trajectory.

Jack in the Box celebrates its 10th year partnering with No Kid Hungry, having raised over $6 million since 2015. This September, customers donating $1 to No Kid Hungry via in-store or the Jack app will receive a coupon for free curly fries. Each dollar donated provides approximately 10 meals to children. The initiative aims to fight childhood hunger while incentivizing customer participation, reinforcing loyalty, and driving traffic. No Kid Hungry supports programs ensuring access to nutritious meals for children in need

Bill Gates plans to direct the majority of his foundation’s $200 billion philanthropic initiative towards Africa over the next two decades. This aims to improve healthcare, education, and economic growth, fighting poverty and disease. The funds will support existing programs and launch new initiatives, focusing on eradicating diseases and preventing avoidable deaths. Gates also criticized Elon Musk for reducing international aid budgets.