Menu
Equities Tech

Google shares news: To grant $25 million to use AI for ‘social good’

Google shares closed lower in the US Monday, after the US tech giant said it plans to grant $25 million during 2019, to use AI to positively benefit society. Google has requested ideas and submissions on how to use and develop its AI capabilities to positively address societal changes.

Google shares ended the US Monday trading session 4.52% lower at $1,034.73. The stock, however, is a little higher in out-of-hours activity.

Google’s AI Impact Challenge

The firm’s AI Impact Challenge seeks to build on its existing work of developing new processes and programs that benefit society.

“For the past few years we’ve been applying core Google AI research and engineering to projects with positive societal impact, including forecasting floods, protecting whales, and predicting famine,” said Google VP and President of Google.org, Jacqueline Fuller.

“We’re launching the Google AI Impact Challenge, a global call for nonprofits, academics, and social enterprises from around the world to submit proposals on how they could use AI to help address some of the world’s greatest social, humanitarian and environmental problems,” Fuller added.

Google said it has $25 million available for worthy AI development ideas during 2019. The top proposals will be selected in the Spring of next year.

Google employees plan walk out

Separately, reports suggest that Google employees are unhappy with revelations over how the tech giant handled complaints of sexual misconduct against senior staff, specifically, Android creator, Andy Rubin.

While Rubin stated in a tweet following the NYT story of “numerous inaccuracies” in the report, Google CEO Sundar Pichai wrote a memo to staff in which he detailed the firms’ tough stance on allegations of sexual harassment.

Despite those responses, it appears Google staff are preparing a mass walk out on Thursday, to clearly show their disapproval of the company’s handling of sexual misconduct complaints.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.