No Result
View All Result
  • Login
Thursday, July 10, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Startups

Databricks, Perplexity co-founder pledges $100M on new fund for AI researchers

by FeeOnlyNews.com
2 weeks ago
in Startups
Reading Time: 3 mins read
A A
0
Databricks, Perplexity co-founder pledges 0M on new fund for AI researchers
Share on FacebookShare on TwitterShare on LInkedIn


Andy Konwinski, computer scientist and co-founder of Databricks and Perplexity, announced Monday that his company, Laude, is forming a new AI research institute backed with $100 million of his own money.

The Laude Institute functions less as an AI research lab and more like a fund looking to make investments structured similar to grants. In addition to Konwinski, the institute’s board includes UC Berkeley professor Dave Patterson (known for a string of award-winning research), Jeff Dean (known as Google’s chief scientist), and Joelle Pineau (Meta’s vice president of AI Research).

Konwinski announced the institute’s first and “flagship” grant of $3 million annually for five years, which will anchor the new AI Systems Lab at UC Berkeley. This is a new lab led by one of Berkeley’s most celebrated researchers, Ion Stoica, current director of the Sky Computing Lab. Stoica is also a co-founder of startup Anyscale (an AI and Python platform) and AI big data company Databricks, both built from tech developed in Berkeley’s lab system. 

The new AI Systems Lab is set to open in 2027 and in addition to Stoica will include a number of other well-known researchers.

In his blog post announcing the institute, Konwinski described its mission as ”built by and for computer science researchers … We exist to catalyze work that doesn’t just push the field forward but guides it towards more beneficial outcomes.”

That’s not necessarily a direct dig at OpenAI, which started out as an AI research facility and is now, arguably, consumed by its enormous commercial side. But other researchers have fallen prey to the lure of money as well. 

For instance, popular AI researcher Epoch faced controversy when it revealed that OpenAI supported the creation of one of its AI benchmarks that was then used to unveil its new o3 model. Epoch’s founder also launched a startup with the controversial mission to replace all human workers everywhere with AI agents.

Like other AI research organizations with commercial ambitions, Konwinski has structured his institute across boundaries: as a nonprofit with a public benefit corporation operating arm.

He’s dividing his research investments into two buckets that he calls “Slingshots and Moonshots.” Slingshots are for early-stage research that can benefit from grants and hands-on help. Moonshots are, as the name implies, for “long-horizon labs tackling species-level challenges like AI for scientific discovery, civic discourse, healthcare, and workforce re-skilling.”

His lab has, for instance, collaborated with “terminal-bench,” a Stanford-led benchmark for how well AI agents handle tasks, used by Anthropic. 

One thing to note, Konwinski’s endeavors under the name “Laude” aren’t solely a grant-writing research institute. He also co-founded a for-profit venture fund launched in 2024. The fund’s co-founder is former NEA VC Pete Sonsini, and a Laude spokesperson tells us it has more than 50 leading researchers as LPs in the fund. As TechCrunch previously reported, Laude led a $12 million investment in AI agent infrastructure startup Arcade. It has quietly backed other startups, too.

A Laude spokesperson tells us that while Konwinski has pledged $100 million, he’s also looking for, and open to, investment from other successful technologists. As to how Konwinski amassed a fortune big enough to guarantee $100 million for this new endeavor: Databricks closed a $15.3 billion funding round in January that valued the company at $62 billion. Perplexity last month secured a $14 billion valuation, too. 

Does the world really need yet more AI “good for humanity” research or another AI company with a murky nonprofit/commercial structure? No, and yes. 

AI research has become increasingly muddled. For instance, AI benchmarks designed to prove that a particular vendor’s model works best have become plentiful these days. (Even Salesforce has its own LLM benchmark for CRMs.)

An alliance that includes the likes of Konwinski, Dean, and Stoica supporting truly independent research that could one day turn into independent and human-helpful commerce could be an attractive alternative.

Note: This story was updated to reflect more details shared about the Laude VC fund.



Source link

Tags: 100McofounderDatabricksfundPerplexitypledgesresearchers
ShareTweetShare
Previous Post

Record $18.2 Trillion Debt Signals Trouble for Americans, Fed Finds

Next Post

Why the Housing Market Standoff Could Be Your Best Chance to Make a Deal

Related Posts

The Shifting Landscape of Tech Funding

The Shifting Landscape of Tech Funding

by FeeOnlyNews.com
July 10, 2025
0

Venture capital is always evolving, and a recent State of the Industry virtual event hosted by York IE highlighted just...

Why Cluely’s Roy Lee isn’t sweating cheating detectors

Why Cluely’s Roy Lee isn’t sweating cheating detectors

by FeeOnlyNews.com
July 9, 2025
0

Cluely, an AI startup that uses a hidden in-browser window to analyze online conversations, has shot to fame with the...

Re-arming Europe: Darkstar launches €25M pan-European defence fund for battlefield-ready tech, weapons; secures €15M first close

Re-arming Europe: Darkstar launches €25M pan-European defence fund for battlefield-ready tech, weapons; secures €15M first close

by FeeOnlyNews.com
July 9, 2025
0

Darkstar, a defence tech ecosystem builder, announced the official launch of Europe’s first pan-European defence fund fully dedicated to backing...

The 11 Largest NYC Tech Startup Funding Rounds of June 2025 – AlleyWatch

The 11 Largest NYC Tech Startup Funding Rounds of June 2025 – AlleyWatch

by FeeOnlyNews.com
July 9, 2025
0

Looking at the largest NYC startup funding rounds from June 2025, leveraging data from CrunchBase, we’ve analyzed the most significant...

Rivian spinoff Also raises another 0M to build e-bikes and more

Rivian spinoff Also raises another $200M to build e-bikes and more

by FeeOnlyNews.com
July 8, 2025
0

Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according...

Cologne’s Circonomit raises €2.8M to turn complex corporate data into instant strategy

Cologne’s Circonomit raises €2.8M to turn complex corporate data into instant strategy

by FeeOnlyNews.com
July 8, 2025
0

Cologne, Germany-based Circonomit, a developer of an intuitive modelling toolbox, has secured €2.8M in a seed funding round led by...

Next Post
Why the Housing Market Standoff Could Be Your Best Chance to Make a Deal

Why the Housing Market Standoff Could Be Your Best Chance to Make a Deal

Morgan Stanley targets founders with new designation

Morgan Stanley targets founders with new designation

  • Trending
  • Comments
  • Latest
Friday’s jobs report likely will show hiring cooled in May. What to expect

Friday’s jobs report likely will show hiring cooled in May. What to expect

June 5, 2025
Advisors question SEC push to extend alts investing

Advisors question SEC push to extend alts investing

June 11, 2025
Morgan Stanley targets founders with new designation

Morgan Stanley targets founders with new designation

June 23, 2025
How to buy peace of mind with cybersecurity tech: Show Me Your Stack

How to buy peace of mind with cybersecurity tech: Show Me Your Stack

July 2, 2025
This founder has spent a decade building a multi-million-dollar spice company that is almost profitable. She still doesn’t want your venture capital dollars—at least not for now

This founder has spent a decade building a multi-million-dollar spice company that is almost profitable. She still doesn’t want your venture capital dollars—at least not for now

July 3, 2025
Edward Jones gains tax expertise for UMAs with Natixis deal

Edward Jones gains tax expertise for UMAs with Natixis deal

July 1, 2025
Ranbir Kapoor invests Rs 15 crore in ‘Ramayana’ production house, stock up over 90% since April

Ranbir Kapoor invests Rs 15 crore in ‘Ramayana’ production house, stock up over 90% since April

0
No Nurse, No Nanny, No Aide: How Trump’s Immigration Push Could Gut Home Care

No Nurse, No Nanny, No Aide: How Trump’s Immigration Push Could Gut Home Care

0
Salesforce surpasses 1 million AI agent-customer conversations, says finance chief

Salesforce surpasses 1 million AI agent-customer conversations, says finance chief

0
6 Medical Devices Seniors Still Trust—But Doctors Warn Against

6 Medical Devices Seniors Still Trust—But Doctors Warn Against

0
Why Is Every Natural Disaster Being Politicized?

Why Is Every Natural Disaster Being Politicized?

0
XRP Forms Inverse Head And Shoulders Pattern, Why A Surge To .3 Is Possible

XRP Forms Inverse Head And Shoulders Pattern, Why A Surge To $3.3 Is Possible

0
Salesforce surpasses 1 million AI agent-customer conversations, says finance chief

Salesforce surpasses 1 million AI agent-customer conversations, says finance chief

July 10, 2025
Why Is Every Natural Disaster Being Politicized?

Why Is Every Natural Disaster Being Politicized?

July 10, 2025
Meta Platforms: 3,5-Milliarden-Dollar-Deal soll Smart Glasses zur KI-Schnittstelle machen!

Meta Platforms: 3,5-Milliarden-Dollar-Deal soll Smart Glasses zur KI-Schnittstelle machen!

July 10, 2025
XRP Forms Inverse Head And Shoulders Pattern, Why A Surge To .3 Is Possible

XRP Forms Inverse Head And Shoulders Pattern, Why A Surge To $3.3 Is Possible

July 10, 2025
Shekel at strongest against dollar since April 2022

Shekel at strongest against dollar since April 2022

July 10, 2025
Ranbir Kapoor invests Rs 15 crore in ‘Ramayana’ production house, stock up over 90% since April

Ranbir Kapoor invests Rs 15 crore in ‘Ramayana’ production house, stock up over 90% since April

July 10, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Salesforce surpasses 1 million AI agent-customer conversations, says finance chief
  • Why Is Every Natural Disaster Being Politicized?
  • Meta Platforms: 3,5-Milliarden-Dollar-Deal soll Smart Glasses zur KI-Schnittstelle machen!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.