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AI Innovator Andy Konwinski Unveils $100 Million-Pledged Laude Institute to Catalyze Transformational Research


Renowned computer scientist and entrepreneur Andy Konwinski, co-founder of Databricks and Perplexity, has announced the launch of the Laude Institute, an ambitious AI research organization backed by a personal investment of $100 million. Unlike traditional research labs, the institute is structured as a grant-making fund dedicated to catalyzing breakthroughs in computer science and artificial intelligence.

Sustainable Investment In AI Research

The Laude Institute is designed to support research that not only advances theoretical understanding but also drives meaningful societal impact. Konwinski detailed an innovative dual strategy that splits research initiatives into “Slingshots and Moonshots.” While the Slingshot funds target early-stage projects that require both financial and operational support, the Moonshot initiatives focus on long-term, high-impact challenges such as AI applications in scientific discovery, healthcare, and workforce development, mirroring other strategic investment models in the tech ecosystem.

A Pivotal Collaboration With UC Berkeley

As a testament to its commitment to nurturing robust academic research, the Laude Institute has committed a flagship grant of $3 million annually for five years to establish the new AI Systems Lab at UC Berkeley. Under the leadership of renowned researcher Ion Stoica, the lab, slated to open in 2027, will foster advances that build on Berkeley’s storied legacy of innovation. The board also boasts influential figures such as UC Berkeley’s Dave Patterson, Google’s chief scientist Jeff Dean, and Meta’s Joelle Pineau, ensuring an interdisciplinary approach to AI research and development.

Bridging Commercial Success And Academic Rigor

Konwinski’s approach reflects a recognition of the blurred lines between nonprofit research and commercial innovation. The institute functions as a nonprofit entity with a public benefit corporation arm, a structure that echoes prior successes where academic insights have spurred profitable ventures. This model is complemented by the Laude venture fund—a for-profit initiative co-founded with former NEA VC Pete Sonsini—designed to further push the boundaries of AI technology, as illustrated by their participation in funding early-stage startups like Arcade.

Charting The Future Of Beneficial AI

Amid growing concerns that the commercial pressures on AI research are distorting its original mission, Konwinski’s Laude Institute offers an alternative pathway. Its mission statement emphasizes development by and for computer science researchers, aiming to steer the field towards outcomes that are not only innovative but also beneficial to society. In an era where corporate-driven benchmarks and AI development sometimes compromise independent research, the institute’s model holds promise for re-balancing the industry’s priorities.

The Laude Institute’s holistic strategy, marked by high-profile advisory leadership and a balanced funding model, resonates with the broader shift toward responsibly advancing AI technology. As investors and technologists navigate the rapidly evolving AI landscape, initiatives like this may provide the critical framework for ensuring that innovation continues to serve the public good.


Telegram Expands U.S. Access To Ton Crypto Wallet

Integrating Crypto Within A Trusted Platform

Telegram has taken a significant step by launching its TON crypto wallet for 87 million U.S. users. Built on the TON blockchain, this integrated wallet is designed to simplify the onramp for new crypto enthusiasts directly within the familiar Telegram app.

Overcoming Regulatory Barriers

Since 2023, international users have enjoyed access to Telegram’s self-custodial crypto wallet. However, U.S. users were previously restricted due to regulatory uncertainties. With the current expansion, Telegram addresses these challenges, underscoring its commitment to broadening access to digital finance.

Market Impact And User Adoption

Telegram’s strategy mirrors broader trends in fintech, where ease of use and seamless integration have become key drivers of adoption. Over 100 million global users activated their wallets last year, representing about 10% of Telegram’s total active user base. Additionally, public data indicates that approximately 334,000 transactions occur daily on the TON blockchain, highlighting a vibrant ecosystem.

Strategic Significance For The Crypto Industry

By embedding a crypto wallet directly into its application, Telegram not only boosts user engagement but also sets a benchmark for how established platforms can innovate in the digital currency space. This strategy could serve as a model for other tech giants, reinforcing the value of combining secure, user-friendly digital financial solutions with large, active communities.

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