Facebook is backing an AI ethics institute at the Technical University of Munich with $7.5 million. The TUM Institute for Ethics in Artificial Intelligence, which was announced on Sunday, will aim to explore fundamental issues affecting the use and impact of AI, Facebook said. AI is poised to have a profound impact on areas like climate change and healthcare but it has its risks. Last year, TUM was ranked 6th in the world for AI research by the Times Higher Education magazine behind universities like Carnegie Mellon University in the USA and Nanyang Technological University in Singapore. While Facebook is providing the initial funding, the institute will look for other funding opportunities from additional partners and agencies.

Source: Forbes January 20, 2019 10:36 UTC