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Open AI Introduces $1 Million Grants to Democratise AI

Thrive Capital is expected to invest approximately $1 billion in OpenAI's new fundraising round.

OpenAI, the ChatGPT developer backed by Microsoft, has introduced 10 grants for building prototypes of a democratic process for steering artificial intelligence (AI). Each grant is worth $1,00,000. 

The nonprofit organization feels that a framework is needed to regulate generative AI seeing the pace it is moving at. The company feels that regulation is necessary to spread the concept of AI across the world within the confines of the law. 

The grant is aimed at funding individuals and/or companies to develop a democratic process to decide the guidelines for AI. These experiments and surveys are intended to explore decision-relevant questions and build novel democratic tools that can more directly inform decisions in the future, the company said in a statement late on Thursday.

OpenAI has set June 24 as the last date to apply for the grant. Grant recipients are expected to implement a prototype, engaging at least 500 participants and will be required to publish a public report on their findings by October 20.

OpenAI had made calls for a global regulator body for AI just hours before announcing the grants. The company would move out of the European Union (EU) if the upcoming regulations that the EU is considering are unacceptable. 

“We believe that decisions about how AI behaves should be shaped by diverse perspectives reflecting the public interest,” OpenAI wrote in a blog post.

The company said that its goal is to gather nuanced feedback from everyone on how AI should behave and foster improved democratic methods to govern AI behaviour.

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