Global crypto exchange platform FTX launched a fund called the FTX Future Fund with an aim to support long-term improvements for humankind. The project will deploy up to a billion dollars to support projects focusing on safe artificial intelligence development, reducing biorisk dangers, effective altruism and more.
According to the announcement, the team will support both non-profit and for-profit ventures as long as it aligns with the fund's mission such as protecting future generations by addressing issues such as poverty and environmental problems. The fund also aims to look for projects pushing technological progress forward.