Despite the potential benefits of AI, many nonprofits face significant barriers in adopting AI solutions, including cost, resources, and time. However, the number of nonprofit AI-focused startups is increasing, with more than a third of applicants for the latest class of nonprofit accelerator Fast Forward being AI companies. Several nonprofit organizations worldwide are also focusing on ethical approaches to AI.
Key takeaways:
- Google.org is launching a new program, Google.org Accelerator: Generative AI, to fund nonprofits developing tech that uses generative AI. The program will be funded by $20 million in grants and will initially include 21 nonprofits.
- Nonprofits in the six-week accelerator program will receive technical training, workshops, mentors, and guidance from an “AI coach.” Google employees will also work with three of the nonprofits full time for up to six months to help launch their proposed generative AI tools.
- According to a PwrdBy survey, 73% of nonprofits believe AI innovation aligns with their missions and 75% believe AI makes their lives easier. However, cost, resources, and time are significant barriers for nonprofits looking to build their own AI solutions or adopt third-party products.
- The number of nonprofit AI-focused startups is increasing. Nonprofit accelerator Fast Forward reported that more than a third of applicants for its latest class were AI companies.