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Bezos’ Day 1 Families Fund awards $96M in grants to 32 organizations helping homeless families

GeekWire

The Day 1 Families Fund is part of the two-pronged, $2 billion “Bezos Day One Fund” that has a separate track focused on developing Montessori-inspired preschool education. Bezos’ net worth since launching his fund has increased from $160 billion to more than $200 billion today, according to Forbes.

Nonprofit 110
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Big tech’s billions for climate: Here’s where Amazon and Microsoft are making their carbon bets

GeekWire

. “They’re focusing on making smart investments in things that have real-world implications both near- and far-term,” said Gabriel Scheer , director of innovation for the investment and accelerator nonprofit Elemental Excelerator. ” They also diverge, particularly given Amazon’s role as a global online retailer.

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Climate investor Dawn Lippert on raising a $60M fund and what’s stoking demand for climate tech

GeekWire

A nonprofit organization with Pacific Northwest ties has spun out its first venture capital fund totaling $60 million for investing in climate tech companies. The sector is working to strip the carbon emissions out of transportation, energy production, agriculture and construction. Elemental Excelerator Photo).

Energy 123
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Biotech industry leaders share cautious optimism for 2023 amid downturn and layoffs

GeekWire

“As a development stage company, we’re doing everything we can to strike the right balance between accelerating the development of our platform while seeking to extend our cash runway,” said Patel. Earlier companies are considering fewer development programs and having a slower ramp on hiring. Nautilus Photo).

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Amazon allocates $42.5M to build 318 affordable apartments near Seattle area light rail stations

GeekWire

million to help pay for the construction of 318 affordable apartments near two light rail stations in the greater Seattle area. The project features sustainable construction materials and energy efficient units. Construction is expected to start in 2024 in Bellevue and 2023 in SeaTac, according to the Seattle Times.

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The case for taking AI seriously as a threat to humanity

Vox

Stephen Hawking has said , “The development of full artificial intelligence could spell the end of the human race.” They are being developed to improve drone targeting and detect missiles. In order to be very good at the narrow task of text prediction, an AI system will eventually develop abilities that are not narrow at all.

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Jeff Bezos wants the world to know he’s a philanthropist

Vox

It was a source of growing criticism from the press and nonprofit experts as his net worth climbed, topping $100 billion by the end of 2017. Applying for a grant can often be a long, burdensome process for nonprofits. Bezos’s philanthropic track record Before 2018, Bezos didn’t have much of a philanthropic résumé.