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"Today, we find ourselves in the midst of an 'AI boom,' and the red flags keep appearing," writesWilneida Negr in the Stanford Social Innovation Review.
The co-founder of Startups & Society Initiative and a professor of public interest technology write that civil society needs to take a " proactive role" in protecting the public interest while funding the "next generation of industry-defining technologies."
They call on philanthropic leaders, impact investors, ESG investors, and venture capitalists to put their money where their mouth is and invest in companies that create " equitable and ethical outcomes for the next generation of technology with limited and constrained funding."
The market for impact investing is estimated to be worth $1.164 trillion, and Negr and co-founder Lyel Resner write that it's time for it to take hold.
"The vast majority of impact investors receive the returns they wanted and see the social and environmental benefits their money was meant to unlock," they write.
"And yet, venture capital is pouring billions of dollars into the next generation of industry-defining technologies," they write.
"As Silicon Valley continues to build at an enormous scale, civil society is expected to single-handedly protect the public interest while ensuring equitable and ethical outcomes for the next generation of
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Creative Australia has announced the appointment of Leisa Bacon as its new Executive Director, Development and Partnerships.Bacon brings over 20 years of executive leadership experience in major...more
There is an estimated global climate investment gap of USD 6.1 trillion per year by 2030.Annual climate investments must increase fivefold to keep global temperature rises within 1.5 C by the end of...more
Daring Capital is an impact investing syndicate.Its mission is to invest in underrepresented founders building for-profit companies.These include individuals facing poverty, discrimination, or lack...more
The cultural festival organised by NAFEST had the various troupes in the country in participation, with the team from Anambra, in an amazing performance and cultural skills, emerging the most...more
The impact of climate change could drive fixed-asset losses of $560-610 billion per year across listed companies by 2035.The report aims to help business leaders recognise that the longevity of...more
In part one of a three-part article, Rick Heath examines why the Australian arts industry is not valued or invested in appropriately.The potential outcomes are so huge, says Heath.Has arts investment...more
Foundation: Venture Philanthropy Partners
Community-based organizations are one of the greatest levers for change, says Gretchen Van der Veer, CEO of Fair Chance.Funders can play a critical role by making strategic investments in nonprofits,...more
Wharton and SP2 Receive $5 million for the Wieler Family Professorship on Social Impact and Philanthropy.It is the first-ever professorship in philanthropy for a faculty member with appointments in...more
'New Realities, New Opportunities': AVPN South Asia Summit 2024 Announces Major Cross-Sector Initiatives.AVPN is the largest network of social investors in Asia.The Summit focuses on addressing South...more
'Impact investing is not just for returns, diversification but also risk reduction,' says LeapFrog CEO.Impact investing is emerging as a lower-risk alternative to traditional private equity,...more
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Keeping Half the Profits Beats Non-profits for Social Impact
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.
