into artificial intelligence research through his philanthropic Schmidt Futures venture.
"AI will cause us to rethink what it means to be human," Schmidt said in a statement Wednesday. "As we chart a path forward to a future with AI, we need to prepare for the unintended consequences that might come along with doing so." The AI2050 initiative will be co-chaired by Schmidt, and James Manyika, Google's new head of technology and society.
Jon Crowcroft, a computer scientist at Cambridge University, told CNBC that the money should be used to fund researchers who are trying to make AI more sustainable, adding that many of the tech giants are too focused on developing huge AI models that are very costly to train.
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