- NextLadder Ventures is a 15-year initiative of $ 1 billion to help 90 million Americans with low income
- Grants, equity and revenue -based financing will be offered to eligible participants
- Anthropic will offer claude -credits and support a value of 1.5 million dollars annually
NextLadder Ventures has launched an initiative of $ 1 billion to help support Americans with low income who arm them with AI skills for future employment opportunities.
The initiative was founded by a coalition of larger philanthropis, including the Ballmer Group, the Gates Foundation, stand two.
It is set to run for 15 years and provide grants, equity and revenue-based financing for non-profit organizations and for-profit to help support Americans at risk, with anthropic joining as its initial AI partner offering claude credits and expert support.
Gates Foundation supports $ 1 billion AI initiative
The Gates Foundation described NextLadder Ventures as an “initiative based on the belief that every American has the potential to achieve financial prosperity.”
“Even if there are in
The initiative aims to expand financial opportunities for over 90 million Americans with low income who support entrepreneurs who want to tackle job losses, instability and health crises. As part of the agreement, anthropic will contribute approx. 1.5 million dollars annually.
“The Gates Foundation is focused on lifting millions of people out of poverty and on a path to prosperity,” commented the Gates Foundation CEO Mark Suzman.
The coalition announced Ryan Rippel as CEO of NextLadder Ventures. Rippel, who already has a history working with the Gates Foundation, challenged the notion of a one-size that suits all approaches and pledged new and practical paths. His “design with, not for” attitude comes from growing up in a single parent household in Missouri, where he was able to experience some of the matches Nextladder Ventures aims to solve.
In a LinkedIn post, Rippel wrote: “Closing this gorge means helping the helpers and the people they serve new, practical paths to the opportunity.”
Further details of NextLadder Ventures are limited, but we expect to hear more in the coming weeks.
