At the end of September, FTX's charity arm, Future Fund, had committed more than $160 million to more than 110 nonprofit organizations, including biotech startups and university researchers developing Covid-19 vaccines and working on pandemic studies, as well as nonprofit organizations in India, China and Brazil.
As per the report, Future Fund committed $3.6 million to AVECRIS, a company working on a genetic vaccine platform, and another $5 million were donated to Atlas Fellowship for scholarships and high-school summer programs in San Francisco.
Despite the decline in crypto prices, donations were kept. On Sep. 23, Future Fund's Twitter profile announced "a substantial fraction" of capital to be deployed on researches and initiatives working on risk management for artificial general intelligence (AGI), with prizes up to $1.5 million, as well as thousands of dollars in rewards for those who "best critiques of our views" about the future of artificial intelligence.
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