OpenAI splurges $50 million to establish the NextGenAI program, boosting AI research and education.

Supported by Microsoft Corporation (MSFT.US), the startup company OpenAI recently announced the launch of the NextGenAI project, which aims to promote the widespread application of artificial intelligence in the research and education fields of multiple institutions. OpenAI has committed to providing $50 million in research funding, computational funds, and API access to benefit students, educators, and researchers from 15 educational institutions. Brad Lightcap, Chief Operating Officer of OpenAI, stated: "NextGenAI will accelerate the research process and foster a new generation of institutions capable of harnessing the transformative power of artificial intelligence." Members of this alliance include Caltech, the California State University system, Duke University, the University of Georgia, Harvard University, Howard University, MIT, the University of Michigan, the University of Mississippi, Ohio State University, Oxford University, Sciences Po, Texas A&M University, as well as Boston Children's Hospital, the Boston Public Library, and OpenAI. Peter J. Mohler, Executive Vice President for Health Affairs at Ohio State University, commented: "We are excited to join OpenAI and this elite research partnership, which will enable us to drive more groundbreaking discoveries and advancements in fields such as medicine, manufacturing, and computing."