OpenAI Invests $50M in NextGenAI Research Consortium 0 like March 6, 2025Share this postAuthor(s): Get The Gist Originally published on Towards AI. Plus: Amazons New AI Model Challenges OpenAI & AnthropicThis member-only story is on us. Upgrade to access all of Medium.Welcome to Get The Gist, where every weekday we share an easy-to-read summary of the latest and greatest developments in AI news, innovations, and trends all delivered in under 5 minutes! In todays edition:Amazons New AI Model Challenges OpenAI & AnthropicGoogle Enhances Online Shopping with AI-Powered ToolsAmazon to Establish New Division Focused on Agentic AIAnd more AI news.Image by: OpenAIThe Gist: OpenAI is launching a $50 million initiative to fund AI research at 15 universities and institutions, aiming to advance AI applications and prepare the next generation of AI leaders.Key Details:Partner institutions include Harvard, MIT, Oxford, and the University of Michigan.Research will focus on AI applications in healthcare, education, and digital literacy.Harvard and Boston Childrens Hospital will use AI to improve rare disease diagnoses.Texas A&M will develop AI literacy programs for students.Image by: AmazonThe Gist: Amazon is developing an advanced AI model under its Nova brand, designed for hybrid reasoning balancing quick responses with more complex problem-solving.Key Details:Expected to launch by June 2025, competing with OpenAIs and Anthropics latest models.Uses a hybrid reasoning approach to improve long-form problem-solving.Aims to be more cost-efficient than competitors like Claude Read the full blog for free on Medium.Join thousands of data leaders on the AI newsletter. Join over 80,000 subscribers and keep up to date with the latest developments in AI. From research to projects and ideas. If you are building an AI startup, an AI-related product, or a service, we invite you to consider becoming asponsor. Published via Towards AITowards AI - Medium Share this post