OpenAI Hires New Leadership, Plans $1B Investment Through Non-Profit Division

The artificial intelligence company OpenAI has brought several new executives on board to oversee its charitable division and intends to invest $1 billion this year in AI-focused projects through that non-profit arm, according to a Bloomberg News report published Tuesday.

The tech company’s planned billion-dollar investment will support various artificial intelligence initiatives channeled through its non-profit operations, the report indicated.