KEY TAKEAWAYS:

$1 billion invested over 15 years to develop AI tools for frontline social service workers

NextLadder Ventures formed by Gates Foundation , Ballmer Group , and others to fund nonprofits and startups

Partnership with AI firm Anthropic provides technical support and access to cutting-edge AI models

Focus on aiding vulnerable populations while ensuring tools support, not replace, frontline workers

A coalition of funders, including the Gates Foundation and Ballmer Group, will spend $1 billion over 15 years to help develop artificial intelligence tools for public defenders, parole officers, social workers and others who help Americans in precarious situations.

The funders announced Thursday that they will create a new entity, NextLadder Ventures, to offer grants and in

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