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Tag: Charles Koch

  • 10 Major Foundations Pledge $500M to Keep A.I. Focused on Humanity

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    Michele Jawando serves as president of the Omidyar Network. Photo by Jerod Harris/Getty Images for Vox Media

    Some of the nation’s largest philanthropic players are banding together with one goal in mind: ensuring Silicon Valley isn’t the only force shaping how A.I. impacts society as the technology becomes increasingly embedded in areas like labor, education and art. The new initiative, called Humanity AI, will see ten foundations commit at least $500 million over the next five years to that mission.

    Humanity AI will be co-chaired by the Omidyar Network, a philanthropic venture established by eBay founder Pierre Omidyar that has committed nearly $2 billion over the past 21 years, and the 55-year-old MacArthur Foundation, which has awarded more than $8.27 billion to some 10,000 recipients since its establishment.

    “The message I want to resonate far and wide is this: A.I. is not destiny, it is design,” said Michele Jawando, president of the Omidyar Network, in a statement. “The decisions we make now about who builds A.I., who benefits from it, and whose values shape it will determine whether it amplifies human needs or erodes them.”

    Foundations joining the coalition must commit to making grants in at least one of Humanity AI’s five priority areas: equipping workers for an A.I.-driven economy; protecting artists from theft; addressing security risks in sectors such as climate and energy; promoting democracy; and supporting thoughtful integration of A.I. in education.

    A pooled fund of grants will be managed by Rockefeller Philanthropy Advisors, which expects to begin distributing funds early next year.

    The initiative’s wide-ranging goals are reflected in its diverse roster of members. The Mellon Foundation, for instance, is known for championing the arts and humanities; the Kapor Foundation focuses on making the tech ecosystem more equitable; and the Lumina Foundation works to boost U.S. economic prosperity through education. Other founding members include the Doris Duke Foundation, Ford Foundation, Siegel Family Endowment and David and Lucile Packard Foundation.

    Big Philanthropy takes on A.I.

    This isn’t the first time major U.S. foundations have teamed up to mitigate A.I.’s risks. In 2023, several of Humanity AI’s current members—including the Omidyar Network, MacArthur Foundation and Ford Foundation—launched a $200 million initiative aimed at funding A.I. projects that promote the public interest and responsible use.

    More recently, in July, a separate philanthropic coalition led by billionaires Bill Gates, Steve Ballmer and Charles Koch announced NextLadder Ventures, a $1 billion initiative to use emerging technologies to expand economic opportunity. That effort will prioritize providing A.I.-based tools to frontline workers and people facing job or housing instability.

    Humanity AI, meanwhile, hopes to grow its coalition in the coming months. “The stakes are too high to defer decisions to a handful of companies and leaders within them,” said John Palfrey, president of the MacArthur Foundation, in a statement. “Humanity AI seeks to shift that dynamic by resourcing technologists, researchers and advocates who are united by a shared vision of ensuring A.I. is a force for good, putting people and the planet first.”

    10 Major Foundations Pledge $500M to Keep A.I. Focused on Humanity

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    Alexandra Tremayne-Pengelly

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  • Trump slams JPMorgan CEO Jamie Dimon for praising Nikki Haley

    Trump slams JPMorgan CEO Jamie Dimon for praising Nikki Haley

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    Former President Donald Trump (L) and JP Morgan CEO Jamie Dimon.

    Reuters

    Former President Donald Trump on Thursday ripped Jamie Dimon as an “overrated Globalist” after the JPMorgan Chase CEO praised rival Republican Nikki Haley and urged business leaders to help her presidential bid.

    Dimon “is quietly pushing another non-MAGA person, Nikki Haley, for President,” Trump wrote on Truth Social.

    Haley served in the Trump administration as U.S. ambassador to the United Nations.

    “I’ve never been a big Jamie Dimon fan, but had to live with this guy when he came begging to the White House,” wrote Trump, the current front-runner in the 2024 GOP presidential primary.

    “I guess I don’t have to live with him anymore, and that’s a really good thing!” he added.

    JPMorgan declined to comment on Trump’s post.

    Dimon lauded Haley the during Wednesday’s New York Times DealBook conference in New York.

    “Even if you’re a very liberal Democrat, I urge you, help Nikki Haley, too,” the CEO told the crowd, which included several business leaders. “Get a choice on the Republican side that might be better than Trump.”

    When asked what he thought about the two front-runners from each major party, Trump and President Joe Biden, Dimon let out an exasperated “Oh God.”

    Haley, a former South Carolina governor and one of Trump’s first challengers in the primary race, has recently gained steam in the polls, putting pressure on Florida Gov. Ron DeSantis for the second-place position.

    On Tuesday, Haley clinched the coveted endorsement of Americans for Prosperity Action, the political network back by the conservative billionaire Charles Koch.

    Haley’s campaign on Thursday morning launched its first ad of the primary, urging Americans to “to leave behind the chaos and drama of the past.”

    The ad echoes Haley’s recent remark that “chaos follows” Trump.

    Trump vs. Dimon through the years

    It’s not the first time Trump and Dimon have locked horns.

    Dimon in 2018 said he could beat Trump in a presidential race because “I’m as tough as he is, I’m smarter than he is.”

    Trump shot back on Twitter that Dimon is a “nervous mess” and “a poor public speaker” who doesn’t have the aptitude or ‘smarts’” to run for president.

    “Otherwise he is wonderful,” Trump added.

    During a battle over the debt ceiling in May, Dimon knocked Trump over his comments in support of letting the U.S. default on its debt.

    It’s “one more thing he doesn’t know very much about,” Dimon said of Trump.

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  • Clarence Thomas under pressure as Supreme Court probe ramps up

    Clarence Thomas under pressure as Supreme Court probe ramps up

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    The Senate Judiciary Committee is moving to subpoena Clarence Thomas‘s Republican donors after complaining of an ethics crisis in the Supreme Court.

    The committee said that some Supreme Court justices have been “joining billionaires with business before the Court on their private planes and yachts or receiving gifts such as private school tuition for a family member.”

    Senate Judiciary Committee Chairman Dick Durbin said the committee would vote on issuing subpoenas after the “intransigence” the donors have shown in refusing to come before the committee to explain their relationship with Thomas, the longest-serving member of the Supreme Court.

    Supreme Court Justice Clarence Thomas speaks at the Heritage Foundation on October 21, 2021 in Washington, DC. He is now under increasing pressure to explain his relationship with Republican Party donors (Photo by Drew Angerer/Getty Images)
    Drew Angerer/Getty Images

    The donors include Texas real-estate billionaire Harlan Crow; Leonard Leo, a former aide to the Trump presidency; and Robin Arkley II, who allegedly gave trips to Justice Samuel A. Alito Jr. and the late Justice Antonin Scalia.

    The committee includes 11 Democrats and 10 Republicans, so Democrats are likely to succeed in issuing subpoenas.

    In September, Thomas said that he took three trips last year aboard Crow’s private plane. He did not acknowledge any earlier travel at Crow’s expense, including a 2019 trip in Indonesia aboard his yacht.

    Thomas has said in a statement: “Early in my tenure at the Court, I sought guidance from my colleagues and others in the judiciary, and was advised that this sort of personal hospitality from close personal friends, who did not have business before the Court, was not reportable.”

    Durbin and Senator Sheldon Whitehouse, Chair of the Senate Judiciary Subcommittee on Federal Courts, said in a statement that “the Supreme Court is in an ethical crisis of its own making,” while accusing Leo and Arkley of “outright defiance” in refusing to respond to the committee’s queries.

    The committee accused Supreme Court justices of accepting “lavish, undisclosed gifts” that have “enabled their wealthy benefactors and other individuals with business before the Court to gain private access to the justices while preventing public scrutiny of this conduct.”

    Durbin and Whitehouse said that they had unsuccessfully sent separate inquiries to Crow and the three holding companies that own his private jet, yacht, and 105-acre estate, Topridge Camp, in upstate New York. Thomas was a frequent guest at the property.

    “In order to adequately address this crisis, it is imperative that we understand the full extent of how people with interests before the Court are able to use undisclosed gifts to gain private access to the justices,” Durbin and Whitehouse said in their statement.

    The inquiries the Committee has sent to Crow, Leo, and Arkley “are critical to this work,” Durbin and Whitehouse added.

    “However, they have either refused to comply or offered to produce certain limited information that fell well short of what the Committee needs and to which it is entitled.

    “Due to Crow, Leo, and Arkley’s intransigence, the Committee is now forced to seek compulsory process to obtain the information they hold. Therefore, Chair Durbin will be asking the Committee to grant him authorization to issue subpoenas to these individuals.”

    Durbin and Whitehouse said the Supreme Court Chief Justice John Roberts could fix the problem by adopting a binding code of conduct. “As long as he refuses to act, the Judiciary Committee will,” the pair said.

    The subpoenas are part of the committee’s aim to create new ethics rules for the Supreme Court.

    In July, the Senate Judiciary Committee moved the Supreme Court Ethics, Recusal, and Transparency (SCERT) Act to the full Senate. The bill would require Supreme Court Justices to adopt a code of conduct; create a mechanism to investigate alleged code violations; improve disclosure; and require justices to explain when they recuse themselves from a Supreme Court case.

    Durbin and Whitehouse said they have been urging for a code of conduct for more than 11 years.

    The pair said that Leo’s and Arkley’s responses to the Committee’s initial July 11, 2023, requests were “blanket refusals to comply”. Neither individual engaged in any private discussions with the Committee. “The Committee reiterated its requests to both Leonard Leo and Robin Arkley on October 5, noting that they had identified no proper basis to withhold information from Congress. Both repeated their refusals to cooperate,” Durbin and Whitehouse said.

    Crow’s “proposal to provide the Committee with responses to only a small subset of its requests, and only for the past five years, is wholly inadequate. Additionally, tying this insufficient response to an agreement that the Committee would pursue no further inquiries regarding Crow’s relationship with Justice Thomas would inappropriately and prospectively undermine the Committee’s constitutional oversight authority,” Durbin and Whitehouse added.

    The subpoenas would be bad news for Clarence, who is under increasing pressure to explain his relationship with Republican donors.

    In September, the ProPublica investigative website revealed that not only has Crow been hosting Justice Thomas at the private Bohemian Grove club over the last 25 years, but billionaire brothers Charles and David Koch also stayed there with Justice Thomas. The Koch brothers have been funding a Supreme Court challenge to overturn the Environmental Protection Agency’s ability to enforce environmental law without judicial oversight.

    Newsweek has sought email comment from Justice Thomas’s office and from Harlan Crow, Leonard Leo and Robin Arkley II.