{"id":13011,"date":"2023-05-25T04:00:21","date_gmt":"2023-05-25T04:00:21","guid":{"rendered":"http:\/\/TheNextWeb=1396791"},"modified":"2023-05-25T04:00:21","modified_gmt":"2023-05-25T04:00:21","slug":"google-launches-e10m-social-innovation-ai-fund-for-european-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=13011","title":{"rendered":"Google launches \u20ac10M social innovation AI fund for European entrepreneurs"},"content":{"rendered":"\n
<\/div>\n

In conjunction with a visit of CEO Sundar Pichai\u2019s visit to Stockholm yesterday, Google announced<\/a> the launch of the second Google.org Social Innovation Fund on AI<\/a> to \u201chelp social enterprises solve some of Europe\u2019s most pressing challenges.\u201d <\/span><\/p>\n

Through the fund, Google is making \u20ac10 million available, along with mentoring and support, for entrepreneurs from underserved backgrounds. The aim is to help them develop transformative AI solutions that specifically target problems they face on a daily basis.<\/p>\n

The fund will provide capital via a grant to INCO<\/a> for the expansion of Social Tides<\/a>, an accelerator program funded<\/a> by Google.org, that will provide cash support of up to $250,000 (\u20ac232,000). <\/span><\/span><\/p>\n

In 2021, Google put up \u20ac20 million for European AI social innovation startups<\/a> through the same mechanism. Among the beneficiaries at that time was The Newsroom<\/a> in Portugal, which uses an AI-powered app to encourage a more contextualised reading experience to take people out of their bubble and reduce polarisation.<\/span><\/span><\/p>\n

Mini-European tour ahead of AI Act<\/h2>\n

Of the money offered by the tech giant this time around \u20ac1 million will be earmarked for nonprofits that are helping to strengthen and grow social entrepreneurship in Sweden. <\/span><\/p>\n

During his brief stay, Pichai met with the country\u2019s prime minister and visited the KTH Royal Institute of Technology to meet with students and professors.<\/span><\/p>\n

\n

Googles vd Sundar Pichai g\u00e4stade KTH och pratade om artificiell intelligens. Han konstaterar att det \u00e4r ok att vara r\u00e4dd om r\u00e4dslan anv\u00e4nds till n\u00e5gonting vettigt. https:\/\/t.co\/imbtxxbSVn<\/a> pic.twitter.com\/oWal43dc2a<\/a><\/p>\n

\u2014 KTH Royal Institute of Technology (@KTHuniversity) May 24, 2023<\/a><\/p>\n<\/blockquote>\n

Sweden currently holds the six-month-long rotating Presidency of the European Union. Pichai\u2019s visit to Stockholm preceded a trip to meet with European Commission deputy chief Vera Jourova and EU industry chief Thierry Breton on Wednesday. <\/span><\/p>\n

Breton is one of the drivers behind the EU\u2019s much-anticipated AI Act<\/a>, a world-first attempt at far-reaching AI regulation. One of the biggest sources of contention <\/span>\u2014 and surely subject to much lobbying from the industry \u2014 is whether so-called general purpose AI, such as the technology behind ChatGPT or Google\u2019s Bard should be considered \u201chigh-risk.\u201d <\/span><\/p>\n

Speaking to Swedish news outlet SVT<\/a> on the day of his visit, Pichai stated that he believes that AI is indeed too important not to regulate, and to regulate well. \u201cIt is definitely going to involve governments, companies, academic universities, nonprofits, and other stakeholders,\u201d Google\u2019s top executive said. <\/span><\/p>\n

However, he may be doing some convincing of his own in Brussels, further adding, \u201cThese AI systems are going to be used for everything, from recommending a nearby coffee shop to potentially recommending a health treatment for you. As you can imagine, these are very different applications. So where we could get it wrong is to apply a high-risk assessment to all these use cases.\u201d <\/span><\/p>\n

W<\/span>ill Pichai be successful in convincing the Commission? Then, just maybe, Bard will launch in Europe too<\/a>. <\/span><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In conjunction with a visit of CEO Sundar Pichai\u2019s visit to Stockholm yesterday, Google announced the launch of the second Google.org Social Innovation Fund on AI to \u201chelp social enterprises solve some…<\/p>\n","protected":false},"author":1,"featured_media":13012,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/13011"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13011"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/13011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/13012"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}