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Artificial intelligence (AI) is a matter of design – not destiny.

That's the message from 10 philanthropic foundations aiming to loosen the grip that the technology's moneyed developers, fueled by an investing frenzy, hold over its evolution.

Launched Tuesday under the name Humanity AI, the coalition is committing $500 million (€427 million) across the next five years to place human interests at the forefront of the technology's rapid integration into daily life.

“The future belongs to those who actively create it,

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